Guggenheim Lowers Habit Restaurants (NASDAQ:HABT) to Neutral

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.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Habit Restaurants had a net margin of 0.79% and a return on equity of 2.29%. The business had revenue of $117.30 million during the quarter, compared to analyst estimates of $116.19 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Habit Restaurants will post 0.15 earnings per share for the current year.

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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