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Habit Restaurants Inc. (HABT): Passport Capital Adds Shares to Its Position

John Burbank‘s Passport Capital has increased its stake in Habit Restaurants Inc. (NASDAQ:HABT) to 1.0 million Class A shares, which represent 5.6% of the float, according to a 13G with the US Securities and Exchange Commission. Passport Capital’s stake previously consisted of 429,257 Class A shares held at the end of June.

Habit Restaurants is a fast food restaurant chain that mostly serves burgers, french fries, sandwiches, and salads. Over the past 12 months, the company’s stock has lost 44.97%. For the second quarter of 2016, Habit Restaurants’ disclosed a revenue of $71.1 million and EPS of $0.7, compared to $56.7 million in revenue and EPS of $0.05 in the same quarter in 2015. Recently, Robert W.Baird reiterated its ‘Outperform’ rating on Habit Restaurant’s stock.


Out of the 749 hedge funds tracked by Insider Monkey which filed 13Fs for the June quarter, 14 investors were long Habit Restaurants (NASDAQ:HABT), up by six from the March quarter. Some of the bullish investors contain Joseph Jolson’s Harvest Capital Strategies with a position worth around $3.77 million, Israel Englander’s Millennium Management with a position valued at $2.13 million, Ken Griffin’s Citadel Investment Group, John Overdeck and David Siegel’s Two Sigma Advisors, and Mark Broach’s Manatuck Hill Partners.

Among the new investors in Habit Restaurants (NASDAQ:HABT) were GMT Capital, which initiated a new position during the quarter, valued at $6.23 million, Jim Simons’ Renaissance Technologies, which had $4.30 million invested in the company, Steven Boyde’s Armistice Capital, Benjamin A. Smith’s Laurion Capital Management, and Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Passport Capital 1,000,000 1,000,000 5.6%
John H. Burbank III 1,000,000 1,000,000 5.6%

John Burbank
John Burbank
Passport Capital

Page 1 of 7 – SEC Filing

Washington, D.C.


Under the Securities Exchange Act of 1934

(Amendment No. ___)*

The Habit Restaurants, Inc.
(Name of Issuer)

Class A Common Stock
(Title of Class
of Securities)

(CUSIP Number)

August 22, 2016
(Date of Event which
Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

[X] Rule 13d-1(b)

[_] Rule 13d-1(c)

[_] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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