Zacks Investment Research lowered shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
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. “
Several other research firms also recently commented on HABT. BidaskClub upgraded Habit Restaurants from a sell rating to a hold rating in a report on Thursday, March 8th. Maxim Group assumed coverage on Habit Restaurants in a report on Wednesday, December 13th. They set a buy rating and a $13.00 price objective for the company. ValuEngine downgraded Habit Restaurants from a hold rating to a sell rating in a report on Sunday, December 31st. TheStreet downgraded Habit Restaurants from a c- rating to a d rating in a report on Wednesday, February 28th. Finally, Cowen decreased their price objective on Habit Restaurants from $15.00 to $12.00 and set a market perform rating for the company in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $14.86.
Shares of Habit Restaurants (NASDAQ:HABT) opened at $9.10 on Tuesday. The company has a market capitalization of $241.97, a P/E ratio of -65.00, a PEG ratio of 11.79 and a beta of 0.66. Habit Restaurants has a 1-year low of $8.10 and a 1-year high of $19.75. The company has a current ratio of 1.19, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09.
A number of institutional investors have recently made changes to their positions in the stock. Passport Capital LLC grew its holdings in Habit Restaurants by 263.9% during the fourth quarter. Passport Capital LLC now owns 1,819,480 shares of the restaurant operator’s stock worth $17,376,000 after buying an additional 1,319,480 shares in the last quarter. Brown Advisory Inc. boosted its position in Habit Restaurants by 9.3% in the fourth quarter. Brown Advisory Inc. now owns 1,744,128 shares of the restaurant operator’s stock worth $16,658,000 after purchasing an additional 147,833 shares during the last quarter. BlackRock Inc. boosted its position in Habit Restaurants by 2.5% in the fourth quarter. BlackRock Inc. now owns 1,410,623 shares of the restaurant operator’s stock worth $13,473,000 after purchasing an additional 33,991 shares during the last quarter. GMT Capital Corp purchased a new position in Habit Restaurants in the third quarter worth $9,023,000. Finally, Elk Creek Partners LLC boosted its position in Habit Restaurants by 7.3% in the third quarter. Elk Creek Partners LLC now owns 676,336 shares of the restaurant operator’s stock worth $8,826,000 after purchasing an additional 45,808 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.
Habit Restaurants Company Profile
The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.
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