Brokerages Expect Habit Restaurants Inc (HABT) Will Announce Earnings of $0.03 Per Share

Wall Street brokerages expect Habit Restaurants Inc (NASDAQ:HABT) to report earnings per share of $0.03 for the current quarter, according to Zacks. Three analysts have issued estimates for Habit Restaurants’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.02. Habit Restaurants reported earnings per share of $0.06 in the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is scheduled to issue its next earnings report on Wednesday, August 1st.

On average, analysts expect that Habit Restaurants will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.05. For the next financial year, analysts expect that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.10) to $0.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, May 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Habit Restaurants had a negative net margin of 1.16% and a positive return on equity of 1.35%. The business had revenue of $91.90 million for the quarter, compared to the consensus estimate of $93.75 million. During the same period in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 16.9% on a year-over-year basis.

A number of research firms recently weighed in on HABT. ValuEngine cut shares of Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 19th. BidaskClub upgraded shares of Habit Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th. Stephens cut shares of Habit Restaurants from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research note on Thursday, May 3rd. Maxim Group restated a “buy” rating and set a $12.00 target price on shares of Habit Restaurants in a research note on Thursday, May 3rd. Finally, Zacks Investment Research cut shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of Habit Restaurants traded down $0.05, reaching $10.45, during trading hours on Friday, according to MarketBeat. 237,012 shares of the stock traded hands, compared to its average volume of 343,449. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 1.01. Habit Restaurants has a 52-week low of $8.10 and a 52-week high of $17.45. The stock has a market cap of $281.33 million, a price-to-earnings ratio of 65.13, a price-to-earnings-growth ratio of 16.53 and a beta of 0.51.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Habit Restaurants by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,410,623 shares of the restaurant operator’s stock worth $13,473,000 after purchasing an additional 33,991 shares in the last quarter. Elk Creek Partners LLC lifted its stake in Habit Restaurants by 16.5% in the 1st quarter. Elk Creek Partners LLC now owns 781,581 shares of the restaurant operator’s stock worth $6,878,000 after purchasing an additional 110,699 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Habit Restaurants by 27.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 618,504 shares of the restaurant operator’s stock worth $5,443,000 after purchasing an additional 133,643 shares in the last quarter. Lucia Wealth Services LLC lifted its stake in Habit Restaurants by 30.3% in the 1st quarter. Lucia Wealth Services LLC now owns 488,778 shares of the restaurant operator’s stock worth $4,301,000 after purchasing an additional 113,744 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Habit Restaurants in the 4th quarter worth $1,821,000. Institutional investors own 63.99% of the company’s stock.

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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