Piper Jaffray Companies Equities Analysts Lift Earnings Estimates for Habit Restaurants Inc (NASDAQ:HABT)

Habit Restaurants Inc (NASDAQ:HABT) – Stock analysts at Piper Jaffray Companies lifted their Q2 2019 EPS estimates for Habit Restaurants in a note issued to investors on Wednesday, May 1st, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will earn $0.05 per share for the quarter, up from their prior estimate of $0.03. Piper Jaffray Companies also issued estimates for Habit Restaurants’ Q3 2019 earnings at $0.04 EPS and Q4 2019 earnings at $0.06 EPS.

HABT has been the topic of several other reports. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Habit Restaurants in a report on Friday, March 1st. BidaskClub raised shares of Habit Restaurants from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Zacks Investment Research raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, March 6th. ValuEngine upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Maxim Group reiterated a “buy” rating and issued a $17.00 target price (down from $19.00) on shares of Habit Restaurants in a research note on Monday, February 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Habit Restaurants currently has an average rating of “Hold” and an average target price of $16.67.

Shares of HABT stock traded down $0.10 during trading hours on Monday, hitting $10.28. The company’s stock had a trading volume of 216,673 shares, compared to its average volume of 289,444. The company has a market capitalization of $272.98 million, a P/E ratio of 60.53, a price-to-earnings-growth ratio of 4.46 and a beta of 1.09. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.64 and a quick ratio of 0.61. Habit Restaurants has a 12-month low of $8.70 and a 12-month high of $18.30.

Habit Restaurants (NASDAQ:HABT) last released its earnings results on Thursday, February 28th. The restaurant operator reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $102.71 million for the quarter, compared to the consensus estimate of $99.87 million. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in shares of Habit Restaurants by 5.2% in the 3rd quarter. Morgan Stanley now owns 2,486,821 shares of the restaurant operator’s stock valued at $39,665,000 after purchasing an additional 122,496 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Habit Restaurants by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,472,359 shares of the restaurant operator’s stock valued at $15,931,000 after purchasing an additional 45,259 shares during the period. BlackRock Inc. lifted its stake in shares of Habit Restaurants by 4.5% in the 4th quarter. BlackRock Inc. now owns 1,431,457 shares of the restaurant operator’s stock valued at $15,032,000 after purchasing an additional 62,136 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Habit Restaurants by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 984,576 shares of the restaurant operator’s stock valued at $10,653,000 after purchasing an additional 52,038 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Habit Restaurants by 114.2% in the 4th quarter. Millennium Management LLC now owns 751,372 shares of the restaurant operator’s stock valued at $7,889,000 after purchasing an additional 400,667 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

About Habit Restaurants

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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