BNP Paribas Arbitrage SA trimmed its stake in Habit Restaurants Inc (NASDAQ:HABT) by 30.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,939 shares of the restaurant operator’s stock after selling 1,300 shares during the period. BNP Paribas Arbitrage SA’s holdings in Habit Restaurants were worth $31,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. OLD National Bancorp IN increased its holdings in Habit Restaurants by 15.2% in the first quarter. OLD National Bancorp IN now owns 15,997 shares of the restaurant operator’s stock valued at $173,000 after purchasing an additional 2,106 shares during the period. Deutsche Bank AG grew its holdings in Habit Restaurants by 4.2% during the 4th quarter. Deutsche Bank AG now owns 80,369 shares of the restaurant operator’s stock worth $843,000 after acquiring an additional 3,246 shares during the period. Wrapmanager Inc. grew its holdings in Habit Restaurants by 32.2% during the 1st quarter. Wrapmanager Inc. now owns 24,486 shares of the restaurant operator’s stock worth $265,000 after acquiring an additional 5,971 shares during the period. Dimensional Fund Advisors LP grew its holdings in Habit Restaurants by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,538 shares of the restaurant operator’s stock worth $9,792,000 after acquiring an additional 9,837 shares during the period. Finally, Stephens Inc. AR acquired a new stake in Habit Restaurants during the 1st quarter worth about $130,000. Institutional investors and hedge funds own 66.33% of the company’s stock.
Shares of Habit Restaurants stock opened at $8.92 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $9.30 and a two-hundred day moving average price of $10.50. Habit Restaurants Inc has a 1-year low of $8.43 and a 1-year high of $18.30. The company has a market cap of $238.64 million, a P/E ratio of 52.47, a PEG ratio of 4.57 and a beta of 1.04.
Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $117.90 million during the quarter, compared to the consensus estimate of $116.82 million. Habit Restaurants had a return on equity of 2.42% and a net margin of 0.43%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. Equities research analysts forecast that Habit Restaurants Inc will post 0.1 EPS for the current fiscal year.
A number of analysts have weighed in on HABT shares. Wedbush decreased their price target on Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Habit Restaurants from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. ValuEngine downgraded Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Maxim Group reiterated a “buy” rating and set a $17.00 price target on shares of Habit Restaurants in a report on Friday, August 2nd. Finally, BidaskClub downgraded Habit Restaurants from a “sell” rating to a “strong sell” rating in a report on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Habit Restaurants presently has a consensus rating of “Hold” and an average price target of $15.33.
Habit Restaurants Profile
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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