Habit Restaurants (HABT) Sets New 12-Month Low at $8.83

Shares of Habit Restaurants Inc (NASDAQ:HABT) hit a new 52-week low during trading on Tuesday . The company traded as low as $8.83 and last traded at $9.00, with a volume of 968000 shares traded. The stock had previously closed at $9.30.

A number of analysts have recently commented on the stock. TheStreet raised shares of Habit Restaurants from a “d” rating to a “c-” rating in a research report on Monday, November 20th. Robert W. Baird lowered shares of Habit Restaurants from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $12.00 in a research report on Thursday, November 2nd. Raymond James Financial reissued a “market perform” rating on shares of Habit Restaurants in a research report on Thursday, November 2nd. ValuEngine lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Wedbush reissued a “hold” rating and issued a $11.00 price objective on shares of Habit Restaurants in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.94.

The company has a quick ratio of 1.39, a current ratio of 1.43 and a debt-to-equity ratio of 0.08. The stock has a market cap of $235.53, a PE ratio of 39.35, a PEG ratio of 3.82 and a beta of 0.88.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $85.77 million. During the same period last year, the company posted $0.05 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. equities research analysts forecast that Habit Restaurants Inc will post 0.14 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in Habit Restaurants by 4.8% during the second quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after acquiring an additional 136,789 shares in the last quarter. Brown Advisory Inc. raised its position in Habit Restaurants by 926.7% during the third quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock worth $20,832,000 after acquiring an additional 1,440,821 shares in the last quarter. Capital World Investors increased its holdings in shares of Habit Restaurants by 512.9% in the second quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after purchasing an additional 850,370 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Habit Restaurants by 10.3% in the second quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock valued at $16,001,000 after purchasing an additional 94,300 shares during the last quarter. Finally, GMT Capital Corp acquired a new position in shares of Habit Restaurants in the third quarter valued at $9,023,000. 76.32% of the stock is currently owned by hedge funds and other institutional investors.

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About 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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