State Street Corp boosted its holdings in Habit Restaurants Inc (NASDAQ:HABT) by 36.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,637 shares of the restaurant operator’s stock after acquiring an additional 78,113 shares during the quarter. State Street Corp owned about 1.43% of Habit Restaurants worth $4,590,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. OxFORD Asset Management LLP bought a new stake in Habit Restaurants in the second quarter worth about $168,000. Nationwide Fund Advisors raised its position in Habit Restaurants by 52.6% in the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after acquiring an additional 3,949 shares in the last quarter. Stevens Capital Management LP bought a new stake in Habit Restaurants in the second quarter worth about $256,000. Wrapmanager Inc. raised its position in Habit Restaurants by 36.4% in the second quarter. Wrapmanager Inc. now owns 19,977 shares of the restaurant operator’s stock worth $316,000 after acquiring an additional 5,331 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Habit Restaurants by 49.3% in the second quarter. Rhumbline Advisers now owns 21,127 shares of the restaurant operator’s stock worth $334,000 after acquiring an additional 6,973 shares in the last quarter. Hedge funds and other institutional investors own 76.32% of the company’s stock.
Several equities research analysts have commented on HABT shares. Robert W. Baird reiterated a “buy” rating on shares of Habit Restaurants in a research report on Friday, September 8th. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Stephens cut their price objective on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. Raymond James Financial restated a “market perform” rating on shares of Habit Restaurants in a report on Thursday, November 2nd. Finally, Wedbush restated a “hold” rating and set a $11.00 price objective on shares of Habit Restaurants in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.36.
Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data 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). The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $85.77 million. Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. Habit Restaurants’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. equities analysts expect that Habit Restaurants Inc will post 0.16 earnings per share for the current year.
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Habit Restaurants 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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