Habit Restaurants (HABT) Downgraded by ValuEngine

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ValuEngine cut shares of Habit Restaurants (NASDAQ:HABT) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other equities analysts also recently commented on the stock. BidaskClub downgraded shares of Habit Restaurants from a hold rating to a sell rating in a report on Saturday, February 2nd. Maxim Group reaffirmed a buy rating and set a $17.00 price objective (down from $19.00) on shares of Habit Restaurants in a report on Monday, February 25th. Wedbush reaffirmed an outperform rating and set a $20.00 price objective on shares of Habit Restaurants in a report on Friday, March 1st. Finally, Zacks Investment Research raised shares of Habit Restaurants from a hold rating to a buy rating and set a $14.00 price objective for the company in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Habit Restaurants presently has an average rating of Hold and an average target price of $16.67.

NASDAQ HABT opened at $10.86 on Thursday. The firm has a market capitalization of $282.97 million, a price-to-earnings ratio of 63.88, a P/E/G ratio of 7.08 and a beta of 1.11. Habit Restaurants has a 52-week low of $8.20 and a 52-week high of $18.30. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13.

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Habit Restaurants by 5.2% during the 3rd quarter. Morgan Stanley now owns 2,486,821 shares of the restaurant operator’s stock worth $39,665,000 after acquiring an additional 122,496 shares during the period. BlackRock Inc. lifted its holdings in Habit Restaurants by 4.5% during the 4th quarter. BlackRock Inc. now owns 1,431,457 shares of the restaurant operator’s stock valued at $15,032,000 after purchasing an additional 62,136 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Habit Restaurants by 39.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock valued at $19,856,000 after purchasing an additional 352,600 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Habit Restaurants by 4.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,096,547 shares of the restaurant operator’s stock valued at $17,490,000 after purchasing an additional 44,374 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Habit Restaurants by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,538 shares of the restaurant operator’s stock valued at $9,792,000 after purchasing an additional 9,837 shares during the last quarter. 65.47% of the stock is owned by institutional investors.

Habit Restaurants Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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