Fogo De Chao Inc (FOGO) Receives Consensus Recommendation of “Hold” from Brokerages

Fogo De Chao Inc (NASDAQ:FOGO) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.88.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Fogo De Chao from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. BidaskClub lowered Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Wells Fargo lowered Fogo De Chao from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 21st. Canaccord Genuity lowered Fogo De Chao from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, ValuEngine lowered Fogo De Chao from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st.

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FOGO opened at $15.75 on Thursday. The company has a market cap of $447.01, a PE ratio of 19.21, a PEG ratio of 1.28 and a beta of 0.15. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.43. Fogo De Chao has a 1 year low of $10.30 and a 1 year high of $17.05.

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

In related news, major shareholder H. Lee Equity Fund Vi Thomas sold 17,149,323 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $15.75, for a total value of $270,101,837.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 82.80% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of FOGO. State Street Corp boosted its stake in Fogo De Chao by 52.6% in the second quarter. State Street Corp now owns 74,097 shares of the restaurant operator’s stock worth $1,031,000 after purchasing an additional 25,548 shares in the last quarter. California State Teachers Retirement System boosted its stake in Fogo De Chao by 65.7% in the second quarter. California State Teachers Retirement System now owns 16,647 shares of the restaurant operator’s stock worth $231,000 after purchasing an additional 6,600 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Fogo De Chao by 24.6% in the third quarter. Russell Investments Group Ltd. now owns 82,482 shares of the restaurant operator’s stock worth $1,024,000 after purchasing an additional 16,303 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in Fogo De Chao by 16.0% in 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 in the last quarter. Finally, Westpac Banking Corp boosted its stake in Fogo De Chao by 51.3% in the fourth quarter. Westpac Banking Corp now owns 104,650 shares of the restaurant operator’s stock worth $1,214,000 after purchasing an additional 35,501 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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