Analysts Set The Habit Restaurants, Inc. (HABT) Target Price at $14.50

The Habit Restaurants, Inc. (NASDAQ:HABT) has received an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.50.

Several equities research analysts recently issued reports on the company. BidaskClub cut The Habit Restaurants from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Wedbush reiterated a “buy” rating and issued a $25.00 price objective on shares of The Habit Restaurants in a report on Sunday, July 30th. Cowen Inc cut The Habit Restaurants from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $22.00 to $16.00 in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price objective on shares of The Habit Restaurants in a report on Monday, October 9th. Finally, Stephens lowered their target price on The Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th.

The Habit Restaurants (HABT) traded up $0.05 during mid-day trading on Thursday, reaching $9.05. The company had a trading volume of 68,707 shares, compared to its average volume of 567,845. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08. The Habit Restaurants has a 12 month low of $8.85 and a 12 month high of $19.75. The firm has a market cap of $235.53 and a PE ratio of 39.35.

The 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 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 during the quarter, compared to analyst estimates of $85.77 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. equities research analysts anticipate that The Habit Restaurants will post 0.17 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of HABT. Bank of New York Mellon Corp boosted its holdings in shares of The Habit Restaurants by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock worth $1,003,000 after purchasing an additional 2,280 shares during the last quarter. American International Group Inc. boosted its holdings in shares of The Habit Restaurants by 7.2% during the 1st 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 during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Habit Restaurants by 11.9% during the 1st quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock worth $25,072,000 after purchasing an additional 150,622 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of The Habit Restaurants by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 140,205 shares of the restaurant operator’s stock worth $2,481,000 after purchasing an additional 4,731 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of The Habit Restaurants by 207.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,477 shares of the restaurant operator’s stock worth $1,672,000 after purchasing an additional 63,785 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Analysts Set The Habit Restaurants, Inc. (HABT) Target Price at $14.50” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://transcriptdaily.com/2017/11/27/analysts-set-the-habit-restaurants-inc-habt-target-price-at-14-50.html.

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.

Analyst Recommendations 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