Habit Restaurants (NASDAQ:HABT) issued its quarterly earnings results on Wednesday. The restaurant operator reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03, Briefing.com reports. Habit Restaurants had a net margin of 0.43% and a return on equity of 2.43%. The company had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $116.82 million. During the same quarter last year, the company posted $0.08 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Habit Restaurants updated its FY 2019 guidance to EPS.
Shares of Habit Restaurants stock traded up $0.25 during trading on Friday, hitting $9.96. 615,083 shares of the stock were exchanged, compared to its average volume of 290,590. The company has a market cap of $261.09 million, a PE ratio of 58.59, a price-to-earnings-growth ratio of 3.70 and a beta of 1.01. The business’s 50-day simple moving average is $10.05. Habit Restaurants has a 12-month low of $9.30 and a 12-month high of $18.30. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03.
Several brokerages have commented on HABT. Zacks Investment Research cut shares of Habit Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Friday. Maxim Group reissued a “buy” rating and issued a $17.00 price target on shares of Habit Restaurants in a research report on Friday. ValuEngine cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Wedbush decreased their price objective on shares of Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.33.
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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