Habit Restaurants Receives a Buy from Wedbush

By Austin Angelo

In a report issued on July 27, Nick Setyan from Wedbush maintained a Buy rating on Habit Restaurants (NASDAQ: HABT), with a price target of $25. The company’s shares closed on Friday at $16.45.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 60.0% success rate. Setyan covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Del Taco Restaurants, and Jack In The Box Inc.

Habit Restaurants has an analyst consensus of Strong Buy, with a price target consensus of $22.75.

Habit Restaurants’ market cap is currently $332.7M and has a P/E ratio of 60.93. The company has a book value ratio of 2.7588.

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The Habit Restaurants, Inc. owning and operating 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 cooked over an open flame. The company was founded on July 24, 2014 and is headquartered in Irvine, CA.