Habit Restaurants Inc (HABT) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 21 from a previous price target of $25 . Wedbush advised their investors in a research report released on Aug 4, 2016.
On the company’s financial health, Habit Restaurants Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.10. The company had revenue of $71.10 million for the quarter, compared to analysts expectations of $71.03 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Habit Restaurants Inc closed down -0.51 points or -3.08% at $16.05 with 3,40,019 shares getting traded on Tusday. Post opening the session at $16.5, the shares hit an intraday low of $16.04 and an intraday high of $16.68 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 3, 2016, Peter Whitwell (Chief Quality Officer) sold 1,500 shares at $16.20 per share price. According to the SEC, on Aug 2, 2016, Restaurants, Inc. Habit (Chief Quality Officer) sold 1,500 shares at $16.20 per share price. On Mar 21, 2016, Joseph John Kadow (director) purchased 500 shares at $19.10 per share price, according to the Form-4 filing with the securities and exchange commission.
The Habit Restaurants Inc. is a fast-casual restaurant company. The Company is specialized in preparing 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. The Company prepares its burgers with char-grilled preparation topped with caramelized onions melted cheese lettuce and tomatoes. As of December 30 2014 the Company had 110 locations in 10 markets in four states. The Company operates a variety of restaurant formats including end-cap free-standing inline and drive-thru primarily within suburban shopping centers and retail settings.