The Habit Restaurants, Inc. (HABT) Stake Decreased by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of The Habit Restaurants, Inc. (NASDAQ:HABT) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307,034 shares of the restaurant operator’s stock after selling 109,502 shares during the quarter. Vanguard Group Inc. owned 6.48% of The Habit Restaurants worth $20,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. boosted its position in shares of The Habit Restaurants by 7.2% during the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 558 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of The Habit Restaurants by 52.6% during the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 3,949 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of The Habit Restaurants during the second quarter worth $256,000. UBS Group AG boosted its position in shares of The Habit Restaurants by 376.2% during the first quarter. UBS Group AG now owns 15,285 shares of the restaurant operator’s stock worth $270,000 after purchasing an additional 12,075 shares in the last quarter. Finally, Wrapmanager Inc. boosted its position in shares of The Habit Restaurants by 36.4% during the second quarter. Wrapmanager Inc. now owns 19,977 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 5,331 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “The Habit Restaurants, Inc. (HABT) Stake Decreased by Vanguard Group Inc.” was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://transcriptdaily.com/2017/11/15/the-habit-restaurants-inc-habt-stake-decreased-by-vanguard-group-inc.html.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Wedbush cut shares of The Habit Restaurants from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.00 in a research report on Tuesday, September 26th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $22.00 price target on shares of The Habit Restaurants in a research report on Monday, July 24th. Cowen and Company reissued a “hold” rating and set a $16.00 price target on shares of The Habit Restaurants in a research report on Tuesday, September 12th. Finally, Robert W. Baird cut shares of The Habit Restaurants from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $12.00 in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The Habit Restaurants currently has an average rating of “Hold” and an average target price of $16.36.

Shares of The Habit Restaurants, Inc. (NASDAQ HABT) opened at $9.30 on Wednesday. The company has a market cap of $242.02, a price-to-earnings ratio of 40.44, a P/E/G ratio of 2.26 and a beta of 1.05. The Habit Restaurants, Inc. has a 52-week low of $8.85 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.43 and a quick ratio of 1.39.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $84.60 million during the quarter, compared to the consensus estimate of $85.77 million. The Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. equities analysts predict that The Habit Restaurants, Inc. will post 0.17 earnings per share for the current fiscal year.

The 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.

Institutional Ownership by Quarter for The Habit Restaurants (NASDAQ:HABT)

Receive News & Ratings for The Habit Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Habit Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply