55.5 F
Laguna Hills
Tuesday, Apr 21, 2026

Asset Manager Takes Habit Stake

New York City-based asset management firm AllianceBernstein LP disclosed in a regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

The April 30 filing shows the group holds about 1.7 million shares worth about $64 million in recent trading.

It’s the second highest stake in the fast-casual burger chain after that of Greenwich, Conn.-based KarpReilly LLC, which held about 2.3 million shares as of April 15. KarpReilly is the private equity firm that took Habit public last year and that trimmed its majority control in a secondary share offering last month.

AllianceBernstein had $474 billion in assets under management as of Dec. 31, according to the company.

Habit Restaurants had 114 restaurants in four states at the end of its most recent quarter in March.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Featured Articles

Related Articles