The Habit Restaurants, Inc. (NASDAQ:HABT) – Analysts at Wedbush cut their Q1 2018 EPS estimates for The Habit Restaurants in a research report issued on Thursday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.09. Wedbush has a “Buy” rating and a $25.00 price objective on the stock. Wedbush also issued estimates for The Habit Restaurants’ Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.23 EPS.

The Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The Habit Restaurants had a return on equity of 5.02% and a net margin of 1.64%. The business had revenue of $83.30 million for the quarter, compared to analysts’ expectations of $84.15 million. During the same period last year, the business earned $0.09 EPS. The business’s revenue was up 17.2% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/07/q1-2018-eps-estimates-for-the-habit-restaurants-inc-habt-lowered-by-wedbush.html.

HABT has been the topic of a number of other reports. Zacks Investment Research cut The Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. BidaskClub cut The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies reissued a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th. Cowen and Company cut The Habit Restaurants from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $22.00 to $16.00 in a research note on Thursday. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a $22.00 target price on shares of The Habit Restaurants in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.92.

The Habit Restaurants (NASDAQ:HABT) opened at 13.35 on Monday. The firm’s 50-day moving average price is $16.39 and its 200 day moving average price is $16.57. The company has a market capitalization of $269.47 million, a PE ratio of 51.74 and a beta of 1.04. The Habit Restaurants has a 52 week low of $13.18 and a 52 week high of $19.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its position in shares of The Habit Restaurants by 7.2% in the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after buying an additional 558 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of The Habit Restaurants by 22.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,618 shares of the restaurant operator’s stock worth $183,000 after buying an additional 1,944 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of The Habit Restaurants by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock worth $1,003,000 after buying an additional 2,280 shares during the last quarter. Geode Capital Management LLC increased its position in shares of The Habit Restaurants by 3.5% in the first quarter. Geode Capital Management LLC now owns 140,205 shares of the restaurant operator’s stock worth $2,481,000 after buying an additional 4,731 shares during the last quarter. Finally, Wrapmanager Inc. increased its position in shares of The Habit Restaurants by 36.4% in the second quarter. Wrapmanager Inc. now owns 19,977 shares of the restaurant operator’s stock worth $316,000 after buying an additional 5,331 shares during the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

The Habit Restaurants Company Profile

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.

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

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