Wedbush analyst Nick Setyan maintained a Buy rating on Habit Restaurants (HABT) yesterday and set a price target of $20. The company’s shares closed yesterday at $10.32.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 3.3% and a 53.2% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Habit Restaurants with a $16.80 average price target.
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Based on Habit Restaurants’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $687K. In comparison, last year the company had a net profit of $654K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
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The Habit Restaurants, Inc. owns and operates restaurants. It operates The Habit Burger Grill, which prepares made-to-order char-grilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade albacore tuna. The company was founded on July 24, 2014 and is headquartered in Irvine, CA.
