Habit Restaurants (NASDAQ:HABT)‘s stock had its “buy” rating reissued by investment analysts at Wedbush in a note issued to investors on Thursday, September 13th. They currently have a $20.00 price target on the restaurant operator’s stock. Wedbush’s target price indicates a potential upside of 29.87% from the stock’s current price.

A number of other brokerages have also commented on HABT. ValuEngine raised Habit Restaurants from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. BidaskClub raised Habit Restaurants from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 1st. Zacks Investment Research raised Habit Restaurants from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, August 27th. TheStreet raised Habit Restaurants from a “d” rating to a “c-” rating in a report on Monday, July 30th. Finally, Stephens reissued a “hold” rating and set a $14.00 price objective on shares of Habit Restaurants in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Habit Restaurants presently has an average rating of “Hold” and an average target price of $15.25.

Habit Restaurants stock traded up $0.47 during mid-day trading on Thursday, hitting $15.40. The company’s stock had a trading volume of 464,790 shares, compared to its average volume of 354,487. Habit Restaurants has a 52-week low of $8.10 and a 52-week high of $18.30. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12. The company has a market cap of $415.47 million, a P/E ratio of 96.25, a P/E/G ratio of 14.95 and a beta of 0.92.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $102.85 million during the quarter, compared to the consensus estimate of $99.68 million. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. On average, equities analysts forecast that Habit Restaurants will post 0.05 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Habit Restaurants by 4.8% during the second quarter. BlackRock Inc. now owns 1,468,261 shares of the restaurant operator’s stock worth $14,683,000 after acquiring an additional 66,729 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Habit Restaurants by 10.4% during the second quarter. Renaissance Technologies LLC now owns 892,300 shares of the restaurant operator’s stock worth $8,923,000 after purchasing an additional 83,900 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Habit Restaurants by 38.5% during the second quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock worth $8,567,000 after purchasing an additional 238,193 shares during the period. Elk Creek Partners LLC grew its stake in shares of Habit Restaurants by 16.5% during the first quarter. Elk Creek Partners LLC now owns 781,581 shares of the restaurant operator’s stock worth $6,878,000 after purchasing an additional 110,699 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Habit Restaurants by 8.0% during the second quarter. Bank of America Corp DE now owns 597,152 shares of the restaurant operator’s stock worth $5,972,000 after purchasing an additional 44,055 shares during the period. Institutional investors own 59.56% 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.

Read More: Stop Order

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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