The Habit Restaurants, Inc. (HABT): Are There Still Some Reasons For Optimism?

The Habit Restaurants, Inc. (NASDAQ:HABT) shares saw a recent bid of $14.00 and 410.33TH shares have exchanged hands in the recent trading session, yielding a 4.67% gain over the past week.HABT price increased 1.45% or $-0.2 versus $13.80 at the end of the prior session. This change led market cap to move at $364.98M, putting the price -29.11% below the 52-week high and 7.69% above the 52-week low. The company’s stock has a normal trading capacity of 375.55K shares while the relative volume is 1.09.

Is The Habit Restaurants, Inc. (NASDAQ:HABT) Worth Buying?

By historical standards, The Habit Restaurants, Inc. (NASDAQ:HABT) remains a cheap stock. HABT’s current price-earnings ratio amounts to 54.03 times earnings, below the average P/E ratio of 79.08 times earnings. For now, HABT is the toast of Wall Street as its ABR stands at 1.80 with 4 out of 8 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 17.68% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price down -18.84% since January. Over the past 2 quarters, The Habit Restaurants, Inc. (NASDAQ:HABT) is down -6.04%, compared with a fall of nearly -28.02% for 3 months and about -15.92% for the past 30 days.

The Habit Restaurants, Inc. (HABT) Has Mean Target Price of $18.50

To stay one step ahead we extended our research by comparing different price targets. The Habit Restaurants, Inc. (NASDAQ:HABT) notched a 12-month high of $18.25 while $21.00 target is by far the most aggressive out of analysts who are currently evaluating HABT, $2.75 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $15.00, which would be an increase of about 7% of its current value. The mean target of $18.50 should be compared with the price when the stock was languishing around $13.00 a share. And it remains to be seen which target price HABT can achieve without sacrificing much as the company is holding a -7.35% fall for the past twelve months.

The Habit Restaurants, Inc. Revenue Estimate is $335.66 Million

Last time, the company shocked Wall Street by reporting EPS of $0.06, smashing the consensus of $0.06 per share. Revenue for the quarter also did not kill consensus, coming in at $83.33 Million, compared to the consensus of 84.04 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.03. The company is expected to report EPS as high as $0.05 and as low as $0.02 per share. Similarly, full-year EPS forecasts have ranged between $0.21 and $0.26. The mean EPS estimate is $0.23. On the other side, sales forecasts for the current quarter are $85.77 Million. The stock is expected to report revenue as high as $86.8 Million and as low as $85.42 Million per share. Similarly, full-year sales forecasts have ranged between $335 Million and $337.6 Million. The mean revenue estimate is $335.66 Million.

Over the last 5 years, The Habit Restaurants, Inc. has averaged a 23.50% YoY EPS growth rate and a 36.80% revenue growth rate. Analysts are expecting EPS growth rates to be at 22.20% this quarter and EPS estimate for next year reflect 14.72% growth rate.

What Guru’s think About Is The Habit Restaurants, Inc. (NASDAQ:HABT)

Sell-side analysts also have something to say about this HABT. Wedbush analysts stated on 04/08/2016 that they maintained their Outperform rating. Guggenheim analysts stated on 01/12/2015 that they launched coverage on this stock with Buy rating. Tigress Financial raised its rating on The Habit Restaurants, Inc. to Buy on 17/11/2015 in a reversal from its prior Neutral rating. Stifel raised its rating on The Habit Restaurants, Inc. to Buy on 28/08/2015 in a reversal from its prior Hold rating.

Leave a Reply

Your email address will not be published. Required fields are marked *