Fogo de Chao, Inc. (NASDAQ:FOGO) – Equities research analysts at Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for Fogo de Chao in a report issued on Wednesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will earn $0.10 per share for the quarter, down from their previous forecast of $0.18. Jefferies Group also issued estimates for Fogo de Chao’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $0.78 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.32 EPS.
Several other equities research analysts have also weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $16.00 price objective on shares of Fogo de Chao in a research note on Thursday, August 10th. BidaskClub upgraded Fogo de Chao from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered Fogo de Chao from a “buy” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded Fogo de Chao from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Canaccord Genuity lowered their price objective on Fogo de Chao from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Fogo de Chao currently has a consensus rating of “Hold” and a consensus price target of $15.70.
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Fogo de Chao (NASDAQ FOGO
) opened at 11.15 on Thursday. The company has a market cap of $314.82 million, a P/E ratio of 14.11 and a beta of 0.37. The firm’s 50-day moving average price is $12.29 and its 200-day moving average price is $12.29. Fogo de Chao has a 12-month low of $10.70 and a 12-month high of $17.05.
Fogo de Chao (NASDAQ:FOGO) last released its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Fogo de Chao had a return on equity of 8.08% and a net margin of 7.40%. The firm had revenue of $77.80 million for the quarter, compared to the consensus estimate of $77.46 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its stake in shares of Fogo de Chao by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock valued at $7,283,000 after purchasing an additional 6,017 shares during the period. Thomson Horstmann & Bryant Inc. grew its stake in shares of Fogo de Chao by 438.6% in the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 520,499 shares of the restaurant operator’s stock valued at $7,234,000 after purchasing an additional 423,859 shares during the period. Archon Capital Management LLC grew its stake in shares of Fogo de Chao by 45.7% in the 2nd quarter. Archon Capital Management LLC now owns 376,660 shares of the restaurant operator’s stock valued at $5,236,000 after purchasing an additional 118,181 shares during the period. Vanguard Group Inc. grew its stake in shares of Fogo de Chao by 69.3% in the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock valued at $5,168,000 after purchasing an additional 152,169 shares during the period. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Fogo de Chao in the 2nd quarter valued at approximately $4,711,000. Institutional investors own 85.65% of the company’s stock.
Fogo de Chao Company Profile
Fogo de Chao, Inc is a United States-based holding company. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Company owns 100% of Brasa (Purchaser) Inc (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc (Brasa Holdings).
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