Lucia Wealth Services LLC Decreases Stake in Habit Restaurants Inc (NASDAQ:HABT)

Lucia Wealth Services LLC decreased its position in Habit Restaurants Inc (NASDAQ:HABT) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 526,996 shares of the restaurant operator’s stock after selling 7,302 shares during the period. Habit Restaurants accounts for 1.9% of Lucia Wealth Services LLC’s investment portfolio, making the stock its 18th biggest holding. Lucia Wealth Services LLC owned 2.02% of Habit Restaurants worth $5,528,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HABT. Millennium Management LLC increased its stake in Habit Restaurants by 114.2% in the 4th quarter. Millennium Management LLC now owns 751,372 shares of the restaurant operator’s stock valued at $7,889,000 after buying an additional 400,667 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in Habit Restaurants by 170.8% in the 1st quarter. Penn Capital Management Co. Inc. now owns 423,542 shares of the restaurant operator’s stock valued at $4,583,000 after buying an additional 267,150 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Habit Restaurants by 84.1% in the 1st quarter. Wasatch Advisors Inc. now owns 327,341 shares of the restaurant operator’s stock valued at $3,542,000 after buying an additional 149,500 shares during the last quarter. Marshall Wace LLP increased its stake in Habit Restaurants by 40.6% in the 1st quarter. Marshall Wace LLP now owns 459,940 shares of the restaurant operator’s stock valued at $4,977,000 after buying an additional 132,883 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Habit Restaurants by 28.8% during the 4th quarter. Two Sigma Advisers LP now owns 339,200 shares of the restaurant operator’s stock worth $3,562,000 after purchasing an additional 75,800 shares during the last quarter. Hedge funds and other institutional investors own 63.55% of the company’s stock.

Several brokerages have recently issued reports on HABT. ValuEngine lowered shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, July 10th. Maxim Group restated a “buy” rating and set a $17.00 price target on shares of Habit Restaurants in a research note on Friday. Wedbush decreased their price target on shares of Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.33.

Shares of HABT stock opened at $9.67 on Friday. The business’s 50 day moving average is $10.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.64. Habit Restaurants Inc has a 12-month low of $9.30 and a 12-month high of $18.30. The stock has a market cap of $253.53 million, a price-to-earnings ratio of 56.85, a P/E/G ratio of 3.59 and a beta of 1.01.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. The company had revenue of $117.90 million during the quarter, compared to analyst estimates of $116.82 million. During the same quarter last year, the business posted $0.08 EPS. Habit Restaurants’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Habit Restaurants Inc will post 0.14 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Habit Restaurants (NASDAQ:HABT)

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