Press coverage about Fogo De Chao (NASDAQ:FOGO) has trended positive this week, Accern reports. The research firm identifies positive and negative news 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 media sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 47.3799980681057 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
FOGO has been the topic of a number of analyst reports. Zacks Investment Research cut Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Canaccord Genuity lowered Fogo De Chao from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Piper Jaffray lowered Fogo De Chao from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 20th. Credit Suisse Group reissued a “neutral” rating and set a $15.75 target price (up from $14.00) on shares of Fogo De Chao in a report on Tuesday, February 27th. Finally, BidaskClub lowered Fogo De Chao from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.69.
Fogo De Chao opened at $15.75 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.43. The company has a market cap of $447.01 million, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.15. 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 posted its earnings results on Thursday, March 8th. The restaurant operator reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $88.84 million for the quarter, compared to analyst estimates of $86.68 million. Fogo De Chao had a return on equity of 7.56% and a net margin of 9.11%. equities analysts forecast that Fogo De Chao will post 0.84 EPS 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 that occurred on Thursday, April 5th. The stock was sold at an average price of $15.75, for a total transaction of $270,101,837.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 82.80% of the stock is currently owned by insiders.
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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