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.
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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