In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Habit Restaurants (HABT), with a price target of $20. The company’s shares closed yesterday at $10.89.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.0% and a 55.7% 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.
Habit Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $16.40, which is a 50.6% upside from current levels. In a report issued on April 24, Maxim Group also maintained a Buy rating on the stock with a $17 price target.
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The company has a one-year high of $18.30 and a one-year low of $8.20. Currently, Habit Restaurants has an average volume of 305.1K.
Based on the recent corporate insider activity of 36 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.
