Wall Street analysts expect that Habit Restaurants Inc (NASDAQ:HABT) will report $99.72 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Habit Restaurants’ earnings, with estimates ranging from $99.08 million to $100.30 million. Habit Restaurants posted sales of $83.33 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The company is scheduled to announce its next earnings report on Wednesday, August 1st.

On average, analysts expect that Habit Restaurants will report full-year sales of $391.66 million for the current year, with estimates ranging from $391.37 million to $392.02 million. For the next year, analysts forecast that the business will post sales of $439.56 million per share, with estimates ranging from $435.00 million to $445.09 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results 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). The company had revenue of $91.90 million during the quarter, compared to the consensus estimate of $93.75 million. Habit Restaurants had a negative net margin of 1.16% and a positive return on equity of 1.35%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share.

HABT has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Habit Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. BidaskClub upgraded shares of Habit Restaurants from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. ValuEngine upgraded shares of Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Friday, April 27th. Maxim Group restated a “buy” rating and issued a $12.00 target price on shares of Habit Restaurants in a report on Thursday, May 3rd. Finally, Stephens downgraded shares of Habit Restaurants from an “overweight” rating to an “equal weight” rating and set a $18.00 price target on the stock. in a report on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Habit Restaurants in the 4th quarter valued at about $108,000. Barclays PLC boosted its position in Habit Restaurants by 173.1% in the 1st quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock valued at $203,000 after buying an additional 14,662 shares during the period. Goldman Sachs Group Inc. boosted its position in Habit Restaurants by 273.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 35,534 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 26,027 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Habit Restaurants in the 4th quarter valued at about $366,000. Finally, Engineers Gate Manager LP purchased a new stake in Habit Restaurants in the 1st quarter valued at about $366,000. 63.99% of the stock is owned by institutional investors.

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

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