The Habit Restaurants, Inc. (NASDAQ:HABT) Expected to Announce Quarterly Sales of $85.55 Million

Analysts expect that The Habit Restaurants, Inc. (NASDAQ:HABT) will announce $85.55 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for The Habit Restaurants’ earnings, with estimates ranging from $85.42 million to $85.64 million. The Habit Restaurants posted sales of $71.89 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that The Habit Restaurants will report full year sales of $85.55 million for the current fiscal year, with estimates ranging from $335.04 million to $338.90 million. For the next financial year, analysts forecast that the company will post sales of $397.39 million per share, with estimates ranging from $394.66 million to $401.85 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover The Habit Restaurants.

The Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $83.30 million for the quarter, compared to the consensus estimate of $84.15 million. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS.

A number of analysts have commented on HABT shares. Zacks Investment Research cut shares of The Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Cowen and Company upped their price target on shares of The Habit Restaurants from $17.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. BidaskClub raised shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $22.00 price target on shares of The Habit Restaurants in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.92.

Shares of The Habit Restaurants (HABT) traded down 1.43% during mid-day trading on Friday, reaching $13.80. The company had a trading volume of 512,598 shares. The firm has a market capitalization of $278.55 million, a price-to-earnings ratio of 53.49 and a beta of 1.04. The Habit Restaurants has a one year low of $13.00 and a one year high of $19.75. The stock has a 50 day moving average of $16.21 and a 200-day moving average of $16.52.

COPYRIGHT VIOLATION WARNING: This report was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://sportsperspectives.com/2017/08/09/the-habit-restaurants-inc-nasdaqhabt-expected-to-announce-quarterly-sales-of-85-55-million.html.

Several institutional investors have recently made changes to their positions in HABT. Morgan Stanley raised its position in shares of The Habit Restaurants by 76.2% in the first quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock valued at $29,333,000 after buying an additional 716,800 shares in the last quarter. Vanguard Group Inc. raised its position in shares of The Habit Restaurants by 11.9% in the first quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock valued at $25,072,000 after buying an additional 150,622 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of The Habit Restaurants by 18.7% in the first quarter. Renaissance Technologies LLC now owns 918,400 shares of the restaurant operator’s stock valued at $16,256,000 after buying an additional 144,400 shares in the last quarter. Elk Creek Partners LLC raised its position in shares of The Habit Restaurants by 35.9% in the first quarter. Elk Creek Partners LLC now owns 693,922 shares of the restaurant operator’s stock valued at $12,282,000 after buying an additional 183,396 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of The Habit Restaurants by 10.0% in the first quarter. Frontier Capital Management Co. LLC now owns 369,768 shares of the restaurant operator’s stock valued at $6,545,000 after buying an additional 33,518 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

About The 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.

Get a free copy of the Zacks research report on The Habit Restaurants (HABT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for The Habit Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Habit Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply