Citadel Advisors LLC raised its stake in Habit Restaurants Inc. (NASDAQ:HABT) by 161.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,231 shares of the company’s stock after buying an additional 102,094 shares during the period. Citadel Advisors LLC’s holdings in Habit Restaurants were worth $2,314,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in HABT. BlackRock Advisors LLC raised its position in Habit Restaurants by 9.1% in the third quarter. BlackRock Advisors LLC now owns 7,744 shares of the company’s stock valued at $108,000 after buying an additional 646 shares during the period. Nationwide Fund Advisors raised its position in Habit Restaurants by 7.5% in the second quarter. Nationwide Fund Advisors now owns 8,248 shares of the company’s stock valued at $135,000 after buying an additional 578 shares during the period. Stifel Financial Corp bought a new position in Habit Restaurants during the second quarter valued at about $172,000. Rhumbline Advisers raised its position in Habit Restaurants by 0.8% in the third quarter. Rhumbline Advisers now owns 12,518 shares of the company’s stock valued at $175,000 after buying an additional 100 shares during the period. Finally, FMR LLC bought a new position in Habit Restaurants during the second quarter valued at about $200,000. Institutional investors and hedge funds own 86.80% of the company’s stock.
Shares of Habit Restaurants Inc. (NASDAQ:HABT) traded down 2.35% during midday trading on Thursday, hitting $14.55. The stock had a trading volume of 257,436 shares. The firm has a 50 day moving average price of $16.82 and a 200 day moving average price of $15.43. Habit Restaurants Inc. has a one year low of $13.20 and a one year high of $22.21. The stock has a market cap of $278.98 million, a PE ratio of 61.39 and a beta of 1.25.
Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $72.06 million. Habit Restaurants had a return on equity of 5.39% and a net margin of 1.42%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. On average, equities analysts forecast that Habit Restaurants Inc. will post $0.28 earnings per share for the current fiscal year.
Several equities analysts have issued reports on HABT shares. Wedbush reiterated an “outperform” rating and issued a $17.00 target price (down previously from $20.00) on shares of Habit Restaurants in a research note on Thursday, December 15th. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.75.
In other Habit Restaurants news, insider Peter Whitwell sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $17.40, for a total transaction of $26,100.00. Following the completion of the transaction, the insider now owns 387 shares of the company’s stock, valued at $6,733.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 4,500 shares of company stock valued at $73,275 in the last three months. 5.77% of the stock is currently owned by company insiders.
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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