Equities analysts forecast that Habit Restaurants Inc (NASDAQ:HABT) will report $116.29 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Habit Restaurants’ earnings. The highest sales estimate is $117.10 million and the lowest is $115.31 million. Habit Restaurants reported sales of $102.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.1%. The business is scheduled to issue 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 calculations are an average based on a survey of research analysts that cover Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Thursday, February 28th. The restaurant operator reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Habit Restaurants had a return on equity of 2.72% and a net margin of 0.47%. The company had revenue of $102.71 million during the quarter, compared to analysts’ expectations of $99.87 million.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, March 6th. ValuEngine cut Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. BidaskClub cut Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $20.00 price objective on shares of Habit Restaurants in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.67.

Shares of NASDAQ HABT opened at $12.47 on Thursday. 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 twelve month low of $8.60 and a twelve month high of $18.30. The company has a market capitalization of $325.58 million, a price-to-earnings ratio of 73.35, a PEG ratio of 4.69 and a beta of 1.09.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Habit Restaurants by 7.7% in the third quarter. Dimensional Fund Advisors LP now owns 922,701 shares of the restaurant operator’s stock valued at $14,717,000 after buying an additional 66,004 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Habit Restaurants in the fourth quarter valued at approximately $385,000. Bank of New York Mellon Corp increased its holdings in shares of Habit Restaurants by 76.9% in the fourth quarter. Bank of New York Mellon Corp now owns 148,162 shares of the restaurant operator’s stock valued at $1,556,000 after purchasing an additional 64,402 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Habit Restaurants in the third quarter valued at approximately $249,000. Finally, Teachers Advisors LLC increased its holdings in shares of Habit Restaurants by 15.0% in the third quarter. Teachers Advisors LLC now owns 41,854 shares of the restaurant operator’s stock valued at $668,000 after purchasing an additional 5,445 shares during the period. Institutional investors own 65.80% 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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Earnings History and Estimates for Habit Restaurants (NASDAQ:HABT)

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