Analysts predict that Habit Restaurants Inc (NASDAQ:HABT) will post sales of $85.18 million for the current quarter, according to Zacks. Four analysts have issued estimates for Habit Restaurants’ earnings, with estimates ranging from $84.73 million to $85.86 million. Habit Restaurants reported sales of $73.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.3%. The company is expected to announce its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Habit Restaurants will report full-year sales of $85.18 million for the current year, with estimates ranging from $331.34 million to $335.70 million. For the next fiscal year, analysts anticipate that the company will report sales of $388.32 million per share, with estimates ranging from $384.42 million to $393.88 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Habit Restaurants.

Habit Restaurants (NASDAQ:HABT) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $85.77 million. During the same period last year, the business posted $0.05 EPS. Habit Restaurants’s revenue was up 17.7% compared to the same quarter last year.

Several research firms have recently issued reports on HABT. Maxim Group began coverage on Habit Restaurants in a research note on Wednesday. They set a “buy” rating and a $13.00 price target for the company. TheStreet raised Habit Restaurants from a “d” rating to a “c-” rating in a research note on Monday, November 20th. Wedbush downgraded Habit Restaurants from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $14.00 in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating on shares of Habit Restaurants in a research note on Friday, September 8th. Finally, Stephens cut their price target on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.94.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Habit Restaurants by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after acquiring an additional 136,789 shares in the last quarter. Brown Advisory Inc. lifted its position in Habit Restaurants by 926.7% during the 3rd quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock worth $20,832,000 after acquiring an additional 1,440,821 shares in the last quarter. Vanguard Group Inc. lifted its position in Habit Restaurants by 11.9% during the 1st quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock worth $25,072,000 after acquiring an additional 150,622 shares in the last quarter. Capital World Investors lifted its position in Habit Restaurants by 512.9% during the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock worth $16,055,000 after acquiring an additional 850,370 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Habit Restaurants by 10.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock worth $16,001,000 after acquiring an additional 94,300 shares in the last quarter. Institutional investors and hedge funds own 76.32% of the company’s stock.

Habit Restaurants (NASDAQ:HABT) traded down $0.15 during trading on Friday, reaching $9.85. The company’s stock had a trading volume of 507,400 shares, compared to its average volume of 390,573. The firm has a market capitalization of $260.90, a P/E ratio of 43.48, a P/E/G ratio of 2.65 and a beta of 0.87. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08. Habit Restaurants has a 12 month low of $8.85 and a 12 month high of $19.75.

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About 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.

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

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