Fogo De Chao (FOGO) Earns Media Impact Score of 0.18

Press coverage about Fogo De Chao (NASDAQ:FOGO) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fogo De Chao earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 44.4495230520662 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

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Several equities research analysts recently issued reports on FOGO shares. Zacks Investment Research upgraded shares of Fogo De Chao from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Canaccord Genuity cut shares of Fogo De Chao from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Piper Jaffray cut shares of Fogo De Chao from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 20th. Credit Suisse Group restated a “neutral” rating and set a $15.75 price objective (up from $14.00) on shares of Fogo De Chao in a research report on Tuesday, February 27th. Finally, Wells Fargo cut shares of Fogo De Chao from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Fogo De Chao presently has an average rating of “Hold” and a consensus target price of $14.69.

Shares of FOGO opened at $15.75 on Monday. Fogo De Chao has a 1-year low of $10.30 and a 1-year high of $17.05. The stock has a market cap of $447.01, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.28 and a beta of 0.15. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.43.

Fogo De Chao (NASDAQ:FOGO) last announced its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Fogo De Chao had a net margin of 9.11% and a return on equity of 7.56%. The business had revenue of $88.84 million during the quarter, compared to analysts’ expectations of $86.68 million. equities research analysts predict that Fogo De Chao will post 0.84 earnings per share for the current fiscal year.

In other Fogo De Chao news, major shareholder H. Lee Equity Fund Vi Thomas sold 17,149,323 shares of Fogo De Chao stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $15.75, for a total transaction of $270,101,837.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 82.80% of the stock is owned by company insiders.

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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).

Insider Buying and Selling by Quarter for Fogo De Chao (NASDAQ:FOGO)

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