Fogo De Chao (NASDAQ:FOGO) Getting Somewhat Negative News Coverage, Report Finds

Media coverage about Fogo De Chao (NASDAQ:FOGO) has trended somewhat negative recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fogo De Chao earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 45.8201447660455 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several research firms have recently weighed in on FOGO. BidaskClub downgraded Fogo De Chao from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. Credit Suisse Group reduced their price objective on Fogo De Chao from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, October 23rd. Canaccord Genuity reduced their price objective on Fogo De Chao from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. ValuEngine downgraded Fogo De Chao from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Jefferies Group restated a “buy” rating and issued a $14.00 target price on shares of Fogo De Chao in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.17.

Shares of Fogo De Chao (NASDAQ FOGO) traded up $0.10 during midday trading on Wednesday, hitting $12.45. The stock had a trading volume of 26,800 shares, compared to its average volume of 59,453. Fogo De Chao has a twelve month low of $10.30 and a twelve month high of $17.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.54 and a quick ratio of 1.41. The firm has a market capitalization of $351.75 and a PE ratio of 17.29.

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About Fogo De Chao

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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