Analysts Anticipate Habit Restaurants Inc (NASDAQ:HABT) Will Post Quarterly Sales of $120.97 Million

Brokerages predict that Habit Restaurants Inc (NASDAQ:HABT) will post $120.97 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Habit Restaurants’ earnings, with the highest sales estimate coming in at $121.07 million and the lowest estimate coming in at $120.88 million. Habit Restaurants reported sales of $102.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The business is expected to announce its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Habit Restaurants will report full-year sales of $464.31 million for the current year, with estimates ranging from $464.27 million to $464.38 million. For the next fiscal year, analysts expect that the business will post sales of $495.12 million, with estimates ranging from $492.71 million to $497.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. Habit Restaurants had a net margin of 0.79% and a return on equity of 2.29%. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $116.19 million. During the same quarter in the previous year, the company earned $0.05 EPS. Habit Restaurants’s quarterly revenue was up 12.1% compared to the same quarter last year.

A number of research analysts have commented on the stock. Maxim Group cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Stephens reiterated an “equal weight” rating on shares of Habit Restaurants in a research report on Monday, January 6th. Wedbush cut shares of Habit Restaurants from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Monday, January 6th. Zacks Investment Research cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, BidaskClub cut shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.67.

NASDAQ HABT remained flat at $$13.95 on Tuesday. 956,900 shares of the company’s stock were exchanged, compared to its average volume of 1,130,958. Habit Restaurants has a twelve month low of $7.80 and a twelve month high of $14.16. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average price of $11.82 and a 200-day moving average price of $10.06. The firm has a market cap of $364.26 million, a PE ratio of 87.19 and a beta of 1.07.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lucia Wealth Services LLC grew its position in Habit Restaurants by 17.0% during the fourth quarter. Lucia Wealth Services LLC now owns 641,618 shares of the restaurant operator’s stock valued at $6,692,000 after acquiring an additional 93,187 shares during the last quarter. Nomura Holdings Inc. increased its position in shares of Habit Restaurants by 305.9% in the third quarter. Nomura Holdings Inc. now owns 145,957 shares of the restaurant operator’s stock worth $1,266,000 after purchasing an additional 110,000 shares during the last quarter. Man Group plc increased its position in shares of Habit Restaurants by 29.2% in the third quarter. Man Group plc now owns 68,400 shares of the restaurant operator’s stock worth $598,000 after purchasing an additional 15,479 shares during the last quarter. State Street Corp increased its position in shares of Habit Restaurants by 2.2% in the third quarter. State Street Corp now owns 356,287 shares of the restaurant operator’s stock worth $3,114,000 after purchasing an additional 7,758 shares during the last quarter. Finally, Malaga Cove Capital LLC increased its position in shares of Habit Restaurants by 5.9% in the third quarter. Malaga Cove Capital LLC now owns 25,318 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 63.15% 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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