UPDATE: Stifel Upgrades Habit Restaurants (HABT) to Buy

(Updated - August 28, 2015 9:55 AM EDT)

Stifel upgraded Habit Restaurants (NASDAQ: HABT) from Hold to Buy with a price target of $35. Analyst Paul Westra called the company a truly authentic Americana brand and noted its above-peer comps, unit growth, and return on invested capital.

"We upgrade our rating on HABT shares to Buy from Hold based on a bullish view of all three parts of our Stifel Investment Thesis Framework, including: (1) The HABT Stock Story, where HABT’s strong two-year comp growth, segment leading unit-growth potential, and high returns-on-invested capital leads to our RIPE-based Price Target of $35/sh," said Westra.

The analyst continued, "(2) The HABT Concept Story, where we believe that The Habit Burger Grill represents a new breed of an up-and-coming concept that is destined to dominate the US restaurant industry – which is a single-product-line Quick Service-Restaurant (QSR) concept that can deliver high sales mixes of dine-in, dinner, and female/family customers; and, (3) The HABT Company Story, where we view management as one of the most capable operations-focused teams, and which is successfully imbedding an inclusive “how company” culture within today’s “how economy.”

For an analyst ratings summary and ratings history on Habit Restaurants click here. For more ratings news on Habit Restaurants click here.

Shares of Habit Restaurants closed at $24.39 yesterday.

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