Habit Restaurants (NASDAQ:HABT) released its earnings results on Tuesday. The restaurant operator reported $0.05 earnings per share for the quarter, MarketWatch Earnings reports. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The firm had revenue of $104.64 million for the quarter, compared to analyst estimates of $101.43 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis.
Shares of NASDAQ HABT traded down $0.84 during mid-day trading on Wednesday, reaching $13.26. 27,281 shares of the company’s stock were exchanged, compared to its average volume of 278,571. The firm has a market cap of $362.85 million, a P/E ratio of 81.81, a P/E/G ratio of 13.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.93. Habit Restaurants has a twelve month low of $8.10 and a twelve month high of $18.30.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. BidaskClub lowered Habit Restaurants from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 11th. Wedbush reaffirmed a “buy” rating and set a $20.00 price target on shares of Habit Restaurants in a research report on Thursday, September 13th. Maxim Group lowered Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised Habit Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.50.
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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