Analysts Anticipate Habit Restaurants Inc (HABT) Will Post Earnings of -$0.01 Per Share

Equities research analysts expect that Habit Restaurants Inc (NASDAQ:HABT) will announce earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Habit Restaurants’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.00. Habit Restaurants posted earnings per share of $0.07 during the same quarter last year, which indicates a negative year over year growth rate of 114.3%. The firm is expected to issue its next quarterly earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Habit Restaurants will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.21. For the next fiscal year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from ($0.05) to $0.27. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $85.77 million. During the same period last year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.

Several equities analysts recently commented on the stock. Maxim Group assumed coverage on shares of Habit Restaurants in a research report on Wednesday. They set a “buy” rating and a $13.00 price target for the company. TheStreet raised shares of Habit Restaurants from a “d” rating to a “c-” rating in a research report on Monday, November 20th. Wedbush lowered shares of Habit Restaurants from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $14.00 in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating on shares of Habit Restaurants in a research report on Friday, September 8th. Finally, Stephens dropped their price target on shares of Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Habit Restaurants presently has an average rating of “Hold” and a consensus target price of $15.94.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in Habit Restaurants by 47.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 63,182 shares of the restaurant operator’s stock worth $1,119,000 after buying an additional 20,270 shares during the period. Dimensional Fund Advisors LP grew its stake in Habit Restaurants by 207.8% during the first quarter. Dimensional Fund Advisors LP now owns 94,477 shares of the restaurant operator’s stock worth $1,672,000 after buying an additional 63,785 shares during the period. Renaissance Technologies LLC grew its stake in Habit Restaurants by 10.3% during the second quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock worth $16,001,000 after buying an additional 94,300 shares during the period. Wells Fargo & Company MN grew its stake in Habit Restaurants by 4.8% during the second quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after buying an additional 136,789 shares during the period. Finally, Elk Creek Partners LLC grew its stake in Habit Restaurants by 7.3% during the third quarter. Elk Creek Partners LLC now owns 676,336 shares of the restaurant operator’s stock worth $8,826,000 after buying an additional 45,808 shares during the period. Institutional investors own 76.32% of the company’s stock.

Shares of Habit Restaurants (NASDAQ HABT) traded up $0.30 during mid-day trading on Wednesday, reaching $10.15. 581,282 shares of the company traded hands, compared to its average volume of 369,131. Habit Restaurants has a 1 year low of $8.85 and a 1 year high of $19.75. The company has a quick ratio of 1.39, a current ratio of 1.43 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $256.34, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 2.61 and a beta of 0.87.

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About Habit Restaurants

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

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