Wedbush restated their buy rating on shares of The Habit Restaurants, Inc. (NASDAQ:HABT) in a report released on Sunday, July 30th. Wedbush currently has a $25.00 target price on the restaurant operator’s stock.
Several other research firms also recently issued reports on HABT. Zacks Investment Research downgraded shares of The Habit Restaurants from a buy rating to a hold rating in a research note on Thursday, June 1st. Cowen and Company upped their target price on shares of The Habit Restaurants from $17.00 to $22.00 and gave the company an outperform rating in a research note on Thursday, May 4th. Piper Jaffray Companies reaffirmed a buy rating on shares of The Habit Restaurants in a report on Friday, July 14th. BidaskClub raised shares of The Habit Restaurants from a strong sell rating to a sell rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. reaffirmed an outperform rating and issued a $22.00 price target on shares of The Habit Restaurants in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The Habit Restaurants currently has an average rating of Hold and an average target price of $19.92.
The Habit Restaurants (NASDAQ:HABT) opened at 13.65 on Friday. The stock has a market cap of $277.53 million, a PE ratio of 52.91 and a beta of 1.04. The Habit Restaurants has a 52-week low of $13.00 and a 52-week high of $19.75. The company’s 50 day moving average is $15.66 and its 200-day moving average is $16.46.
Several hedge funds have recently modified their holdings of HABT. Thrivent Financial For Lutherans acquired a new stake in shares of The Habit Restaurants during the first quarter worth $4,236,000. OLD National Bancorp IN raised its position in The Habit Restaurants by 29.2% in the second quarter. OLD National Bancorp IN now owns 25,721 shares of the restaurant operator’s stock valued at $406,000 after buying an additional 5,809 shares in the last quarter. Bank of New York Mellon Corp raised its position in The Habit Restaurants by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock valued at $1,003,000 after buying an additional 2,280 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in The Habit Restaurants during the first quarter valued at approximately $398,000. Finally, Malaga Cove Capital LLC purchased a new position in The Habit Restaurants during the second quarter valued at approximately $331,000. 98.32% of the stock is currently owned by institutional investors.
About The Habit Restaurants
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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