Wall Street brokerages expect that Habit Restaurants Inc (NASDAQ:HABT) will report sales of $116.16 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Habit Restaurants’ earnings, with the lowest sales estimate coming in at $115.28 million and the highest estimate coming in at $116.66 million. Habit Restaurants reported sales of $104.64 million in the same quarter last year, which indicates a positive year over year growth rate of 11%. The firm is expected to announce its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Habit Restaurants will report full year sales of $464.44 million for the current year, with estimates ranging from $464.16 million to $464.93 million. For the next fiscal year, analysts anticipate that the firm will post sales of $501.82 million, with estimates ranging from $497.29 million to $504.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Habit Restaurants.
Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $117.90 million during the quarter, compared to the consensus estimate of $116.82 million. Habit Restaurants had a net margin of 0.43% and a return on equity of 2.42%. Habit Restaurants’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS.
A number of research firms have commented on HABT. Maxim Group reaffirmed a “buy” rating and issued a $17.00 target price on shares of Habit Restaurants in a research report on Friday, August 2nd. Wedbush reduced their price target on Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. They noted that the move was a valuation call. BidaskClub lowered Habit Restaurants from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 10th. Zacks Investment Research lowered Habit Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, ValuEngine downgraded Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Habit Restaurants presently has a consensus rating of “Hold” and an average price target of $15.33.
NASDAQ HABT traded up $0.45 during trading hours on Thursday, reaching $8.90. The company had a trading volume of 506,100 shares, compared to its average volume of 465,388. The stock has a 50-day moving average of $9.85 and a 200 day moving average of $10.68. Habit Restaurants has a 1-year low of $8.43 and a 1-year high of $18.30. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $220.62 million, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01.
A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its position in shares of Habit Restaurants by 512.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,547 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Habit Restaurants in the 2nd quarter valued at about $49,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Habit Restaurants by 356.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 5,590 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Habit Restaurants in the 4th quarter valued at about $100,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Habit Restaurants in the 2nd quarter valued at about $113,000. Institutional investors own 63.33% 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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