$116.29 Million in Sales Expected for Habit Restaurants Inc (NASDAQ:HABT) This Quarter

Wall Street analysts expect that Habit Restaurants Inc (NASDAQ:HABT) will post $116.29 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Habit Restaurants’ earnings. The lowest sales estimate is $115.31 million and the highest is $117.10 million. Habit Restaurants posted sales of $102.85 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Habit Restaurants will report full-year sales of $462.76 million for the current year, with estimates ranging from $460.18 million to $464.00 million. For the next year, analysts forecast that the firm will report sales of $502.80 million, with estimates ranging from $500.05 million to $504.80 million. Zacks’ sales averages are an average based on a survey of research firms that cover Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $108.20 million for the quarter, compared to analyst estimates of $105.51 million. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share.

A number of brokerages have recently weighed in on HABT. ValuEngine lowered shares of Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. BidaskClub upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Habit Restaurants in a research report on Thursday, May 2nd. Finally, Maxim Group restated a “buy” rating and set a $17.00 price objective (down previously from $19.00) on shares of Habit Restaurants in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of Habit Restaurants by 3.2% during the first quarter. Renaissance Technologies LLC now owns 1,472,359 shares of the restaurant operator’s stock valued at $15,931,000 after acquiring an additional 45,259 shares during the period. BlackRock Inc. lifted its holdings in shares of Habit Restaurants by 4.5% during the fourth quarter. BlackRock Inc. now owns 1,431,457 shares of the restaurant operator’s stock valued at $15,032,000 after acquiring an additional 62,136 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Habit Restaurants by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 984,576 shares of the restaurant operator’s stock valued at $10,653,000 after acquiring an additional 52,038 shares during the period. Millennium Management LLC lifted its holdings in shares of Habit Restaurants by 114.2% during the fourth quarter. Millennium Management LLC now owns 751,372 shares of the restaurant operator’s stock valued at $7,889,000 after acquiring an additional 400,667 shares during the period. Finally, Lucia Wealth Services LLC lifted its holdings in shares of Habit Restaurants by 30.2% during the first quarter. Lucia Wealth Services LLC now owns 534,298 shares of the restaurant operator’s stock valued at $5,781,000 after acquiring an additional 123,895 shares during the period. Institutional investors own 64.10% of the company’s stock.

Shares of HABT traded down $0.05 during trading hours on Friday, reaching $10.11. 229,773 shares of the company traded hands, compared to its average volume of 296,404. The firm has a market capitalization of $261.87 million, a PE ratio of 59.47, a price-to-earnings-growth ratio of 3.87 and a beta of 1.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.64 and a quick ratio of 0.61. Habit Restaurants has a 12-month low of $9.40 and a 12-month high of $18.30.

Habit Restaurants Company Profile

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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Earnings History and Estimates for Habit Restaurants (NASDAQ:HABT)

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