Habit Restaurants (NASDAQ:HABT) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “
A number of other research analysts also recently weighed in on the company. Stephens restated an equal weight rating on shares of Habit Restaurants in a research note on Monday, January 6th. Maxim Group cut Habit Restaurants from a buy rating to a hold rating in a research note on Monday, January 6th. Guggenheim cut Habit Restaurants from a buy rating to a neutral rating in a research note on Tuesday, January 7th. BidaskClub downgraded Habit Restaurants from a sell rating to a strong sell rating in a report on Thursday. Finally, Wedbush cut shares of Habit Restaurants from an outperform rating to a neutral rating and set a $14.00 target price for the company. in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of Hold and a consensus price target of $15.67.
A number of large investors have recently modified their holdings of HABT. Nomura Holdings Inc. increased its stake in shares of Habit Restaurants by 305.9% during the third quarter. Nomura Holdings Inc. now owns 145,957 shares of the restaurant operator’s stock worth $1,266,000 after purchasing an additional 110,000 shares during the period. Man Group plc grew its position in shares of Habit Restaurants by 29.2% during the 3rd quarter. Man Group plc now owns 68,400 shares of the restaurant operator’s stock worth $598,000 after purchasing an additional 15,479 shares in the last quarter. Morgan Stanley grew its position in shares of Habit Restaurants by 114.1% during the 2nd quarter. Morgan Stanley now owns 87,707 shares of the restaurant operator’s stock worth $920,000 after purchasing an additional 46,742 shares in the last quarter. State Street Corp increased its holdings in shares of Habit Restaurants by 2.2% during the third quarter. State Street Corp now owns 356,287 shares of the restaurant operator’s stock worth $3,114,000 after purchasing an additional 7,758 shares during the period. Finally, Bailard Inc. bought a new position in shares of Habit Restaurants during the fourth quarter worth approximately $189,000. Institutional investors and hedge funds own 63.57% of the company’s stock.
About Habit Restaurants
The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.
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