The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has The Habit Restaurants (HABT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Habit Restaurants is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. HABT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HABT's full-year earnings has moved 187.18% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, HABT has returned 74.35% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 19.85%. This means that The Habit Restaurants is performing better than its sector in terms of year-to-date returns.
To break things down more, HABT belongs to the Retail - Restaurants industry, a group that includes 50 individual companies and currently sits at #172 in the Zacks Industry Rank. On average, this group has gained an average of 2.39% so far this year, meaning that HABT is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track HABT. The stock will be looking to continue its solid performance.