Investors Buy High Volume of Put Options on Habit Restaurants (HABT)

Habit Restaurants Inc (NASDAQ:HABT) was the recipient of unusually large options trading on Friday. Stock investors purchased 1,656 put options on the company. This is an increase of 1,448% compared to the average volume of 107 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HABT. Schwab Charles Investment Management Inc. lifted its stake in shares of Habit Restaurants by 20.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,119 shares of the restaurant operator’s stock valued at $1,203,000 after purchasing an additional 12,937 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Habit Restaurants by 49.3% in the 2nd quarter. Rhumbline Advisers now owns 21,127 shares of the restaurant operator’s stock valued at $334,000 after purchasing an additional 6,973 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Habit Restaurants by 31.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,349 shares of the restaurant operator’s stock valued at $1,175,000 after purchasing an additional 17,675 shares in the last quarter. Swiss National Bank lifted its stake in shares of Habit Restaurants by 15.3% in the 2nd quarter. Swiss National Bank now owns 32,350 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Habit Restaurants by 65.1% in the 2nd quarter. Teachers Advisors LLC now owns 36,551 shares of the restaurant operator’s stock valued at $578,000 after purchasing an additional 14,413 shares in the last quarter. 76.01% of the stock is currently owned by institutional investors and hedge funds.

HABT has been the topic of a number of research analyst reports. Zacks Investment Research raised Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Stephens decreased their price target on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Maxim Group began coverage on Habit Restaurants in a research note on Wednesday, December 13th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Habit Restaurants in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.94.

Habit Restaurants (NASDAQ:HABT) opened at $8.60 on Wednesday. The firm has a market capitalization of $223.82, a PE ratio of 37.39, a PEG ratio of 3.46 and a beta of 0.73. Habit Restaurants has a 52 week low of $8.10 and a 52 week high of $19.75. The company has a quick ratio of 1.39, a current ratio of 1.43 and a debt-to-equity ratio of 0.08.

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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.

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