Habit Restaurants (NASDAQ:HABT) was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, January 7th, Marketbeat reports.
A number of other analysts have also recently weighed in on the company. Maxim Group cut Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. BidaskClub lowered Habit Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Zacks Investment Research downgraded Habit Restaurants from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Stephens restated an “equal weight” rating on shares of Habit Restaurants in a research note on Monday, January 6th. Finally, Wedbush lowered shares of Habit Restaurants from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Habit Restaurants has an average rating of “Hold” and an average target price of $15.67.
Shares of Habit Restaurants stock traded up $0.01 during midday trading on Tuesday, hitting $13.96. The company’s stock had a trading volume of 2,907 shares, compared to its average volume of 822,535. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. Habit Restaurants has a 1-year low of $7.80 and a 1-year high of $14.16. The stock has a 50-day simple moving average of $11.31 and a 200-day simple moving average of $9.92. The firm has a market capitalization of $364.00 million, a P/E ratio of 82.18 and a beta of 1.07.
Large investors have recently bought and sold shares of the company. Malaga Cove Capital LLC raised its stake in shares of Habit Restaurants by 5.9% in the third quarter. Malaga Cove Capital LLC now owns 25,318 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers boosted its stake in Habit Restaurants by 6.4% in the 3rd quarter. Rhumbline Advisers now owns 29,943 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 1,804 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Habit Restaurants in the second quarter valued at $49,000. Brown Advisory Inc. grew its holdings in shares of Habit Restaurants by 0.5% in the 2nd quarter. Brown Advisory Inc. now owns 934,773 shares of the restaurant operator’s stock worth $9,804,000 after purchasing an additional 5,029 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Habit Restaurants by 34.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,019 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 6,904 shares in the last quarter. Institutional investors own 63.15% of the company’s stock.
About Habit Restaurants
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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