Equities research analysts predict that Habit Restaurants Inc (NASDAQ:HABT) will report $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Habit Restaurants’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.04. Habit Restaurants posted earnings per share of $0.09 during the same quarter last year, which indicates a negative year over year growth rate of 66.7%. The business is expected to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Habit Restaurants will report full year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.07. For the next financial year, analysts anticipate that the company will post earnings of $0.04 per share, with EPS estimates ranging from ($0.07) to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Habit Restaurants.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. BidaskClub upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. TheStreet lowered shares of Habit Restaurants from a “c-” rating to a “d” rating in a research note on Wednesday, February 28th. Cowen dropped their price target on shares of Habit Restaurants from $15.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $10.00 price target on shares of Habit Restaurants in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Habit Restaurants presently has a consensus rating of “Hold” and a consensus price target of $14.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Habit Restaurants by 3,981.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,061 shares of the restaurant operator’s stock worth $106,000 after acquiring an additional 10,790 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Habit Restaurants during the fourth quarter worth approximately $108,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of Habit Restaurants during the third quarter worth approximately $141,000. Bogle Investment Management L P DE purchased a new position in shares of Habit Restaurants during the fourth quarter worth approximately $180,000. Finally, Schroder Investment Management Group purchased a new position in shares of Habit Restaurants during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 73.64% of the company’s stock.
Habit Restaurants Company Profile
The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.
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