The Habit Restaurants, Inc. (NASDAQ:HABT) – Analysts at Wedbush reduced their Q3 2017 EPS estimates for The Habit Restaurants in a research report issued to clients and investors on Thursday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.07. Wedbush has a “Buy” rating and a $25.00 price objective on the stock. Wedbush also issued estimates for The Habit Restaurants’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.23 EPS, Q2 2018 earnings at $0.08 EPS and Q3 2018 earnings at $0.05 EPS.

The Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. The Habit Restaurants had a return on equity of 5.02% and a net margin of 1.64%. The Habit Restaurants’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share.

WARNING: “Q3 2017 Earnings Estimate for The Habit Restaurants, Inc. (NASDAQ:HABT) Issued By Wedbush” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/06/q3-2017-earnings-estimate-for-the-habit-restaurants-inc-nasdaqhabt-issued-by-wedbush.html.

HABT has been the topic of several other research reports. Zacks Investment Research cut The Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Cowen and Company boosted their price target on The Habit Restaurants from $17.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Piper Jaffray Companies restated a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. BidaskClub upgraded The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $22.00 price target on shares of The Habit Restaurants in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The Habit Restaurants has a consensus rating of “Hold” and a consensus price target of $19.92.

Shares of The Habit Restaurants (NASDAQ HABT) opened at 13.35 on Friday. The Habit Restaurants has a 12-month low of $13.18 and a 12-month high of $19.75. The firm has a market capitalization of $269.47 million, a price-to-earnings ratio of 51.74 and a beta of 1.04. The company’s 50-day moving average price is $16.39 and its 200 day moving average price is $16.57.

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in The Habit Restaurants during the first quarter valued at about $324,000. Keybank National Association OH acquired a new position in The Habit Restaurants during the first quarter valued at about $376,000. Teza Capital Management LLC acquired a new position in The Habit Restaurants during the first quarter valued at about $297,000. Bank of New York Mellon Corp boosted its position in 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 valued at $1,003,000 after buying an additional 2,280 shares during the last quarter. Finally, Wrapmanager Inc. acquired a new position in The Habit Restaurants during the first quarter valued at about $259,000. Institutional investors own 98.26% of the company’s stock.

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)

Receive News & Ratings for The Habit Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Habit Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.