After Guggenheim and Piper Jaffray gave Habit Restaurants (NASDAQ: HABT) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Nick Setyan maintained a Buy rating on Habit Restaurants today and set a price target of $20. The company’s shares closed yesterday at $14.10.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.4% and a 60.6% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on Habit Restaurants is a Moderate Buy with an average price target of $16.
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The company has a one-year high of $18.30 and a one-year low of $8.11. Currently, Habit Restaurants has an average volume of 369K.
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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.
