Revenue Update on Habit Restaurants Inc(NASDAQ:HABT)

Habit Restaurants Inc(NASDAQ:HABT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $71.12M. Analysts estimated a revenue of $71.09M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.10.

Habit Restaurants Inc (HABT) made into the market gainers list on Fridays trading session with the shares advancing 0.20% or 0.03 points. Due to strong positive momentum, the stock ended at $15.09, which is also near the day’s high of $15.26. The stock began the session at $14.98 and the volume stood at 1,15,536 shares. The 52-week high of the shares is $28.07 and the 52 week low is $13.9201. The company has a current market capitalization of $392 M and it has 2,60,10,557 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Peter Whitwell (Chief Quality Officer) sold 1,500 shares at $16.20 per share price.Also, On Aug 2, 2016, Restaurants, Inc. Habit (Chief Quality Officer) sold 1,500 shares at $16.20 per share price.On Mar 21, 2016, Joseph John Kadow (director) purchased 500 shares at $19.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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