Habit Restaurants (HABT) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a sell rating in a research note published on Tuesday morning.

According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “

A number of other brokerages have also recently commented on HABT. TheStreet raised Habit Restaurants from a d rating to a c- rating in a research report on Monday, November 20th. BidaskClub raised Habit Restaurants from a sell rating to a hold rating in a research report on Thursday, March 8th. Robert W. Baird reaffirmed a hold rating and set a $10.00 price target on shares of Habit Restaurants in a research report on Thursday, March 1st. Maxim Group reaffirmed a buy rating and set a $12.00 price target (down previously from $13.00) on shares of Habit Restaurants in a research report on Thursday, March 1st. Finally, Cowen dropped their price target on Habit Restaurants from $15.00 to $12.00 and set a market perform rating on the stock in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.86.

Habit Restaurants (NASDAQ HABT) opened at $9.10 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 1.14. Habit Restaurants has a 1 year low of $8.10 and a 1 year high of $19.75. The firm has a market capitalization of $241.97, a price-to-earnings ratio of -65.00, a price-to-earnings-growth ratio of 11.79 and a beta of 0.66.

Hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan purchased a new stake in Habit Restaurants during the 4th quarter worth about $366,000. Jane Street Group LLC purchased a new stake in Habit Restaurants during the 4th quarter worth about $108,000. Millennium Management LLC purchased a new stake in Habit Restaurants during the 4th quarter worth about $1,821,000. Two Sigma Investments LP purchased a new stake in Habit Restaurants during the 4th quarter worth about $1,007,000. Finally, Two Sigma Advisers LP lifted its holdings in Habit Restaurants by 75.3% during the 4th quarter. Two Sigma Advisers LP now owns 156,900 shares of the restaurant operator’s stock worth $1,498,000 after purchasing an additional 67,400 shares in the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

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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 sides, shakes and malts.

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