Fogo de Chao, Inc. (NASDAQ:FOGO) had its price target decreased by investment analysts at Credit Suisse Group from $12.00 to $11.50 in a report released on Thursday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Credit Suisse Group’s target price would indicate a potential upside of 6.98% from the stock’s previous close.
FOGO has been the topic of a number of other reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 target price on shares of Fogo de Chao in a research report on Thursday, August 10th. BidaskClub raised shares of Fogo de Chao from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Fogo de Chao from a “buy” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Fogo de Chao from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, TheStreet downgraded shares of Fogo de Chao from a “c-” rating to a “d+” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.67.
Shares of Fogo de Chao (FOGO) traded up $0.30 during trading hours on Thursday, hitting $10.75. 108,500 shares of the company’s stock were exchanged, compared to its average volume of 83,739. Fogo de Chao has a 52 week low of $10.30 and a 52 week high of $17.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 1.54. The stock has a market cap of $295.24, a P/E ratio of 13.57, a PEG ratio of 0.92 and a beta of 0.32.
Fogo de Chao (NASDAQ:FOGO) last posted its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm had revenue of $71.40 million for the quarter, compared to the consensus estimate of $71.40 million. Fogo de Chao had a net margin of 6.76% and a return on equity of 7.36%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. research analysts expect that Fogo de Chao will post 0.78 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. Archon Capital Management LLC grew its position in Fogo de Chao by 44.5% during the 3rd quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock worth $6,749,000 after purchasing an additional 167,607 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Fogo de Chao by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock worth $7,283,000 after purchasing an additional 6,017 shares during the last quarter. Thomson Horstmann & Bryant Inc. grew its position in Fogo de Chao by 438.6% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 520,499 shares of the restaurant operator’s stock worth $7,234,000 after purchasing an additional 423,859 shares during the last quarter. Vanguard Group Inc. grew its position in Fogo de Chao by 69.3% during the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock worth $5,168,000 after purchasing an additional 152,169 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in Fogo de Chao during the 2nd quarter worth $4,711,000. 85.69% of the stock is currently owned by institutional investors.
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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