In a report released yesterday, Stephen Anderson from Maxim Group maintained a Buy rating on Habit Restaurants (HABT), with a price target of $17. The company’s shares closed yesterday at $9.71, close to its 52-week low of $9.30.
Anderson said:
“We maintain our Buy rating and $17 price target on The Habit Restaurants (HABT) following the company’s triple-beat results in 2Q19 (June).”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 7.4% and a 61.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Habit Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $16, which is a 64.8% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $15 price target.
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Based on Habit Restaurants’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.97 million. In comparison, last year the company had a net profit of $2.06 million.
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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.
