Habit Restaurants Inc (HABT) to Post FY2018 Earnings of $0.13 Per Share, Wedbush Forecasts

Habit Restaurants Inc (NASDAQ:HABT) – Wedbush boosted their FY2018 EPS estimates for shares of Habit Restaurants in a research report issued to clients and investors on Wednesday, October 31st. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.13 for the year, up from their previous estimate of $0.05. Wedbush currently has a “Buy” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Habit Restaurants’ Q4 2018 earnings at ($0.02) EPS and Q3 2019 earnings at $0.04 EPS.

A number of other research firms have also recently issued reports on HABT. Stephens restated a “hold” rating and issued a $14.00 price objective on shares of Habit Restaurants in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday. Maxim Group upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and decreased their price objective for the company from $19.00 to $15.00 in a research report on Wednesday, October 31st. BidaskClub cut shares of Habit Restaurants from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 11th. Finally, ValuEngine upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.00.

Shares of NASDAQ:HABT opened at $14.85 on Monday. The firm has a market capitalization of $386.81 million, a P/E ratio of 92.81, a price-to-earnings-growth ratio of 10.36 and a beta of 1.14. Habit Restaurants has a 52 week low of $8.10 and a 52 week high of $18.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.99.

Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Friday, November 2nd. The restaurant operator reported $0.05 EPS for the quarter. The company had revenue of $104.64 million for the quarter, compared to analysts’ expectations of $101.43 million. Habit Restaurants had a negative net margin of 1.06% and a positive return on equity of 2.54%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS.

Several hedge funds have recently added to or reduced their stakes in HABT. Dimensional Fund Advisors LP increased its position in shares of Habit Restaurants by 38.5% in the second quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock valued at $8,567,000 after acquiring an additional 238,193 shares during the period. JPMorgan Chase & Co. increased its position in shares of Habit Restaurants by 273.1% during the first quarter. JPMorgan Chase & Co. now owns 189,677 shares of the restaurant operator’s stock valued at $1,670,000 after buying an additional 138,842 shares during the period. Manatuck Hill Partners LLC purchased a new position in shares of Habit Restaurants during the second quarter valued at about $1,250,000. UBS Group AG increased its position in shares of Habit Restaurants by 142.0% during the first quarter. UBS Group AG now owns 156,540 shares of the restaurant operator’s stock valued at $1,377,000 after buying an additional 91,859 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Habit Restaurants by 10.4% during the second quarter. Renaissance Technologies LLC now owns 892,300 shares of the restaurant operator’s stock valued at $8,923,000 after buying an additional 83,900 shares during the period. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Habit Restaurants Company Profile

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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