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.

John Burbank PASSPORT CAPITAL

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%

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Page 1 of 7 – SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549

SCHEDULE 13G

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)

40449J103
(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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Page 2 of 7 – SEC Filing

SCHEDULE 13G

CUSIP
No.
               40449J103
1 Names of Reporting Persons
Passport Capital, LLC
2 Check the appropriate box if a member of a Group (see
instructions)
(a) [   ]
(b) [   ]
3 Sec Use Only
4 Citizenship or Place of Organization
Delaware
5 Sole Voting Power
Number of 0
Shares 6 Shared Voting Power
Beneficially 1,000,000 (See Item 2)
Owned by Each
Reporting Person 7 Sole Dispositive Power
With:
0
8 Shared Dispositive Power
1,000,000 (See Item 2)
9

Aggregate Amount Beneficially Owned by Each Reporting
Person

1,000,000 (See Item 2)

10

Check box if the aggregate amount in row (9) excludes
certain shares (See Instructions)

[   ]

11

Percent of class represented by amount in row
(9)

5.6%

12

Type of Reporting Person (See Instructions)

IA

Page 2 of 7

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Page 3 of 7 – SEC Filing

SCHEDULE 13G

CUSIP
No.
 40449J103
1 Names of Reporting Persons
John H. Burbank III
2 Check the appropriate box if a member of a Group (see
instructions)
(a) [   ]
(b) [   ]
3 Sec Use Only
4 Citizenship or Place of Organization
United States of America
5 Sole Voting Power
Number of 0
Shares 6 Shared Voting Power
Beneficially
Owned by Each 1,000,000 (See Item 2)
Reporting Person 7 Sole Dispositive Power
With:
0
8 Shared Dispositive Power
1,000,000 (See Item 2)
9

Aggregate Amount Beneficially Owned by Each Reporting
Person

1,000,000 (See Item 2)

10

Check box if the aggregate amount in row (9) excludes
certain shares (See Instructions)

[   ]

11

Percent of class represented by amount in row
(9)

5.6%

12

Type of Reporting Person (See Instructions)

IN

Page 3 of 7

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Page 4 of 7 – SEC Filing

Item 1.

(a)

Name of Issuer: The Habit Restaurants,
Inc.

(b)

Address of Issuers Principal Executive
Offices:

17320 Red Hill Avenue, Suite 140
Irvine, CA
92614

Item 2.

Name of Person Filing:

Passport Capital, LLC (Passport
Capital); and
John H. Burbank III (Burbank, together with Passport
Capital, the Reporting Persons).

Passport Capital is the investment
manager to a certain fund (the Fund). The Fund is the owner of record of an
aggregate of 1,000,000 Shares. Under the terms of the relevant investment
management agreement, Passport Capital has the right to dispose of and vote the
Shares owned of record by the Fund. Burbank is the sole managing member of
Passport Capital. As a result, each of Passport Capital and Burbank may be
considered to share (i) the power to vote or direct the vote of and (ii) the
power to dispose or direct the disposition of, the Shares owned of record by the
Fund. This statement on Schedule 13G shall not be construed as an admission that
the Fund is the beneficial owner of the Shares covered by this statement.

(a)

Address of Principal Business Office or, if None,
Residence:

For each Reporting Person:
       c/o Passport Capital,
LLC

       One Market Street, Steuart Tower, Suite 2200
       San
Francisco, CA 94105

(b)

Citizenship:

See row 4 of each Reporting Persons respective cover
page.

(c)

Title and Class of Securities:

Class A Common Stock

(d)

CUSIP No.: 40449J1034

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the
person filing is a:

(a) [_] Broker or dealer registered under Section 15 of
the Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Act;
(c) [_] Insurance company as defined in Section
3(a)(19) of the Act;
(d) [_] Investment company registered under Section 8
of the Investment Company Act of 1940;
(e) [X] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);

Page 4 of 7

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Page 5 of 7 – SEC Filing

(f) [_]

An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);

(g) [X]

A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);

(h) [_]

A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [_]

A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of
1940;

(j) [_]

A non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J);

(k) [_]

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If
filing as a non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J), please specify the type of institution:
_____

Item
4.
Ownership
(a)

Amount Beneficially Owned:

See disclosure in Item 2 hereof.

(b)

Percent of Class:

See Item 11 of each Reporting Persons respective cover
page.

(c)

Number of shares as to which such person
has:

See Items 5-8 of each Reporting Persons respective cover
page.

(i)

Sole power to vote or to direct the
vote:

(ii)

Shared power to vote or to direct the
vote:

(iii)

Sole power to dispose or to direct the disposition
of:

(iv)

Shared power to dispose or to direct the disposition
of:

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following [ ].

Item 6.

Ownership of more than Five Percent on Behalf of
Another Person.

See disclosure in Item 2 hereof. The Fund, Passport
Special Opportunities Master Fund, L.P., is known to have the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, all of the Shares covered by this Statement
that may be deemed to be beneficially owned by the Reporting Persons. This
interest relates to more than 5% of the Shares.

Item 7.

Identification and classification of the subsidiary
which acquired the security being reported on
by the parent holding
company or control person.

See disclosure in Item 2 hereof.

Page 5 of 7

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Page 6 of 7 – SEC Filing

Item 8. Identification and
classification of members of the group.
Not Applicable.
Item 9. Notice of Dissolution of
Group.
Not Applicable.
Item 10. Certifications.

By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction having
that purpose or effect, other than activities solely in connection with a
nomination under §240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: September 12, 2016

PASSPORT CAPITAL, LLC

By:  /s/ JOHN H. BURBANK III
John H. Burbank III,
Managing Member

JOHN H. BURBANK III

By: /s/ JOHN H. BURBANK III

Exhibit 1

Page 6 of 7

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Page 7 of 7 – SEC Filing

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended, the undersigned agree to the joint
filing on behalf of each of them the statement on Schedule 13G to which this
agreement is attached as an exhibit.

     The undersigned further agree that each party
hereto is responsible for the timely filing of such Schedule 13G and any
amendments thereto, and for the completeness and accuracy of the information
concerning such party contained therein; provided, however, that no party is
responsible for the completeness or accuracy of the information concerning any
other party making the filing, unless such party knows or has reason to believe
that such information is inaccurate.

IN WITNESS WHEREOF, the parties have executed this Joint Filing
Agreement on September 12, 2016.

PASSPORT CAPITAL, LLC

By:  /s/ JOHN H. BURBANK III
John H. Burbank III,
Managing Member

JOHN H. BURBANK III

By: /s/ JOHN H. BURBANK III

The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative’s authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).

Page 7 of 7


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