Jefferies Group reissued their buy rating on shares of Fogo De Chao (NASDAQ:FOGO) in a research report report published on Friday, December 22nd. Jefferies Group currently has a $14.00 target price on the restaurant operator’s stock. Jefferies Group also issued estimates for Fogo De Chao’s FY2019 earnings at $0.95 EPS.
Several other research firms have also weighed in on FOGO. Zacks Investment Research raised Fogo De Chao from a strong sell rating to a hold rating in a research report on Tuesday, December 19th. Canaccord Genuity decreased their target price on Fogo De Chao from $15.00 to $13.00 and set a buy rating for the company in a research report on Wednesday, November 8th. Credit Suisse Group decreased their target price on Fogo De Chao from $12.00 to $11.50 and set a neutral rating for the company in a research report on Thursday, November 9th. TheStreet lowered Fogo De Chao from a c- rating to a d+ rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Fogo De Chao from a strong sell rating to a sell rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Fogo De Chao presently has an average rating of Hold and a consensus price target of $14.17.
Fogo De Chao (NASDAQ FOGO) opened at $13.70 on Friday. The stock has a market capitalization of $387.07, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.12 and a beta of 0.38. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46. Fogo De Chao has a 12-month low of $10.30 and a 12-month high of $17.05.
Fogo De Chao (NASDAQ:FOGO) last announced its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. Fogo De Chao had a return on equity of 7.36% and a net margin of 6.76%. The business had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.40 million. During the same period last year, the company earned $0.16 EPS. Fogo De Chao’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities research analysts anticipate that Fogo De Chao will post 0.77 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. 683 Capital Management LLC boosted its position in Fogo De Chao by 26.7% during the third quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock valued at $11,780,000 after buying an additional 200,000 shares during the period. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Fogo De Chao by 16.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 552,066 shares of the restaurant operator’s stock worth $6,403,000 after purchasing an additional 76,020 shares during the period. Archon Capital Management LLC boosted its holdings in shares of Fogo De Chao by 44.5% during the third 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 period. TIAA CREF Investment Management LLC boosted its holdings in shares of Fogo De Chao by 1.2% during the second 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 period. Finally, Vanguard Group Inc. boosted its holdings in shares of Fogo De Chao by 69.3% during the second 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 period. 85.98% of the stock is currently owned by institutional investors and hedge funds.
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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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