Brokerages expect that Habit Restaurants Inc (NASDAQ:HABT) will report sales of $101.26 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Habit Restaurants’ earnings, with the lowest sales estimate coming in at $100.32 million and the highest estimate coming in at $102.55 million. Habit Restaurants reported sales of $84.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The company is expected to report its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Habit Restaurants will report full-year sales of $395.32 million for the current fiscal year, with estimates ranging from $394.50 million to $396.43 million. For the next year, analysts anticipate that the company will post sales of $445.32 million per share, with estimates ranging from $438.60 million to $449.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Habit Restaurants.
Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The firm had revenue of $102.85 million for the quarter, compared to analyst estimates of $99.68 million. Habit Restaurants had a negative net margin of 0.84% and a positive return on equity of 1.68%. Habit Restaurants’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Guggenheim reaffirmed a “buy” rating and issued a $15.00 price target on shares of Habit Restaurants in a research note on Thursday, August 2nd. ValuEngine lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Wedbush upgraded shares of Habit Restaurants from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $10.00 to $15.00 in a report on Monday, July 30th. Finally, BidaskClub upgraded shares of Habit Restaurants from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $14.29.
Habit Restaurants stock traded up $0.65 during midday trading on Friday, reaching $16.85. The company had a trading volume of 384,200 shares, compared to its average volume of 366,692. The firm has a market capitalization of $395.93 million, a PE ratio of 103.75, a P/E/G ratio of 10.18 and a beta of 0.73. Habit Restaurants has a 12-month low of $8.10 and a 12-month high of $17.05. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12.
Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Habit Restaurants in the 4th quarter valued at about $108,000. Barclays PLC raised its holdings in Habit Restaurants by 173.1% in the 1st quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 14,662 shares during the last quarter. Wrapmanager Inc. raised its holdings in Habit Restaurants by 13.8% in the 2nd quarter. Wrapmanager Inc. now owns 30,572 shares of the restaurant operator’s stock valued at $306,000 after acquiring an additional 3,708 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Habit Restaurants by 273.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 35,534 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 26,027 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Habit Restaurants in the 1st quarter valued at about $366,000. Institutional investors own 64.47% of the company’s stock.
About Habit Restaurants
The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.
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