Habit Restaurants Inc (NASDAQ:HABT) released its quarterly earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company earned $73.90 million during the quarter, compared to the consensus estimate of $73.29 million. Habit Restaurants had a return on equity of 5.39% and a net margin of 1.42%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS.
Shares of Habit Restaurants (NASDAQ:HABT) traded up 0.86% during mid-day trading on Friday, reaching $17.55. The company had a trading volume of 149,794 shares. Habit Restaurants has a 12 month low of $13.20 and a 12 month high of $20.01. The firm’s 50-day moving average is $14.80 and its 200 day moving average is $15.08. The company has a market capitalization of $354.25 million, a price-to-earnings ratio of 65.00 and a beta of 1.18.
In other Habit Restaurants news, insider Peter Whitwell sold 1,500 shares of Habit Restaurants stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $17.50, for a total value of $26,250.00. Following the sale, the insider now owns 16,474 shares of the company’s stock, valued at approximately $288,295. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 4,500 shares of company stock worth $68,415 in the last three months. Company insiders own 5.77% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in shares of Habit Restaurants by 7.7% in the third quarter. Wells Fargo & Company MN now owns 3,184,864 shares of the company’s stock valued at $44,588,000 after buying an additional 226,795 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Habit Restaurants by 2,256.3% in the third quarter. BlackRock Investment Management LLC now owns 1,200,146 shares of the company’s stock valued at $16,802,000 after buying an additional 1,149,213 shares during the last quarter. Greenhouse Funds LLLP acquired a new stake in shares of Habit Restaurants during the fourth quarter valued at approximately $14,065,000. Renaissance Technologies LLC boosted its stake in shares of Habit Restaurants by 75.0% in the fourth quarter. Renaissance Technologies LLC now owns 774,000 shares of the company’s stock valued at $13,352,000 after buying an additional 331,700 shares during the last quarter. Finally, GMT Capital Corp boosted its stake in shares of Habit Restaurants by 57.3% in the third quarter. GMT Capital Corp now owns 598,287 shares of the company’s stock valued at $8,376,000 after buying an additional 217,887 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Wells Fargo & Co restated a “market perform” rating and set a $15.50 target price (up previously from $14.50) on shares of Habit Restaurants in a research note on Monday, March 6th. Robert W. Baird restated an “outperform” rating on shares of Habit Restaurants in a research note on Thursday, February 16th. Piper Jaffray Companies restated an “overweight” rating and set a $20.00 target price on shares of Habit Restaurants in a research note on Thursday, March 23rd. Finally, Wedbush restated an “outperform” rating and set a $17.00 target price (down previously from $20.00) on shares of Habit Restaurants in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.50.
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About Habit Restaurants
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 salads, sides, shakes and malts.
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