Habit Restaurants Inc (HABT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Habit Restaurants Inc (HABT) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.10 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.09. The company posted revenue of $67.00 million in the period, compared to analysts expectations of $67.45 million. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Habit Restaurants Inc opened for trading at $16.75 and hit $17.67 on the upside on Monday, eventually ending the session at $17.02, with a gain of 1.61% or 0.27 points. The heightened volatility saw the trading volume jump to 5,97,305 shares. Company has a market cap of $443 M.

In a different news, on Mar 21, 2016, Joseph John Kadow (director) purchased 500 shares at $19.10 per share price.

The Habit Restaurants Inc. is a fast-casual restaurant company. The Company is specialized in preparing 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 salads sides shakes and malts. The Company prepares its burgers with char-grilled preparation topped with caramelized onions melted cheese lettuce and tomatoes. As of December 30 2014 the Company had 110 locations in 10 markets in four states. The Company operates a variety of restaurant formats including end-cap free-standing inline and drive-thru primarily within suburban shopping centers and retail settings.

Habit Restaurants Inc

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