Time To Buy Habit Restaurants (NASDAQ:HABT), Guggenheim Confirms

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How Guggenheim Currently Rates Habit Restaurants (NASDAQ:HABT)

Analysts at Guggenheim have started coverage for shares of Habit Restaurants (NASDAQ:HABT) in an interesting research report revealed to clients and investors on Tuesday morning. The broker set a Buy rating on the $630.53M market cap firm.

From a total of 8 analysts covering The Habit Restaurants Inc (NASDAQ:HABT) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $45 while the lowest target price is $28. The mean of all analyst targets is $36.5 with a 50.52% above today’s ($24.25) stock price. The Habit Restaurants Inc was the topic of 6 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Tigress Financial upgraded shares on November 17 to “Buy” rating. Piper Jaffray maintained HABT stock in a recent report from August 22 with “Overweight” rating.

Approximately 33,260 shares of stock traded hands. Habit Restaurants Inc (NASDAQ:HABT) has declined 31.37% since April 28, 2015 and is downtrending. It has underperformed by 29.74% the S&P500.

The Habit Restaurants, Inc. is a fast-casual restaurant company. The company has a market cap of $630.53 million. The Firm 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. It has 127.5 P/E ratio. In addition, it offers salads, sides, shakes and malts.

According to Zacks Investment Research, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California.” Get a free copy of the Zacks research report on Habit Restaurants Inc (HABT)

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