News stories about Fogo de Chao (NASDAQ:FOGO) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fogo de Chao earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.1734791041196 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Fogo de Chão, Inc. – Value Analysis (NASDAQ:FOGO) : August 7, 2017 (finance.yahoo.com)
- 3 Stocks Billionaires Can't Buy but You Can (finance.yahoo.com)
- Zacks: Analysts Expect Fogo de Chao, Inc. (FOGO) Will Post Quarterly Sales of $77.19 Million (americanbankingnews.com)
- Fogo de Chao (FOGO) Q2 Earnings: Disappointment in Store? (finance.yahoo.com)
- Financial Review: Fogo de Chao (FOGO) vs. Popeyes Louisiana Kitchen (PLKI) (americanbankingnews.com)
Shares of Fogo de Chao (FOGO) opened at 13.70 on Tuesday. Fogo de Chao has a 1-year low of $10.50 and a 1-year high of $17.05. The stock has a 50 day moving average of $13.67 and a 200-day moving average of $14.44. The company has a market capitalization of $386.50 million, a price-to-earnings ratio of 16.91 and a beta of 0.36.
Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Monday, May 8th. The restaurant operator reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Fogo de Chao had a net margin of 7.92% and a return on equity of 8.32%. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $75.06 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts forecast that Fogo de Chao will post $0.93 earnings per share for the current year.
A number of equities analysts recently issued reports on the stock. BidaskClub cut shares of Fogo de Chao from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Canaccord Genuity reissued a “hold” rating and set a $16.00 target price (up from $14.00) on shares of Fogo de Chao in a report on Saturday, April 22nd. Finally, Zacks Investment Research raised shares of Fogo de Chao from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Fogo de Chao currently has an average rating of “Hold” and an average target price of $16.36.
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In related news, major shareholder H. Lee Equity Fund Vi Thomas sold 675,000 shares of Fogo de Chao stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $14.00, for a total value of $9,450,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Todd M. Abbrecht sold 4,500,000 shares of Fogo de Chao stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $14.00, for a total transaction of $63,000,000.00. The disclosure for this sale can be found here. 82.80% of the stock is owned by insiders.
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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