OxFORD Asset Management LLP lifted its stake in shares of Fogo De Chao Inc (NASDAQ:FOGO) by 50.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,984 shares of the restaurant operator’s stock after acquiring an additional 33,058 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.35% of Fogo De Chao worth $1,229,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Fogo De Chao by 132.5% during the 3rd quarter. Bessemer Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 4,730 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Fogo De Chao by 221.1% during the 2nd quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 7,299 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Fogo De Chao by 269.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,095 shares of the restaurant operator’s stock worth $154,000 after acquiring an additional 8,093 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fogo De Chao during the 3rd quarter worth approximately $161,000. Finally, Citigroup Inc. raised its holdings in Fogo De Chao by 83.3% during the 2nd quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 5,299 shares during the period. Institutional investors own 85.98% of the company’s stock.
FOGO has been the topic of several recent research reports. Canaccord Genuity decreased their price target on Fogo De Chao from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. ValuEngine upgraded Fogo De Chao from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Fogo De Chao in a research report on Friday, December 22nd. TheStreet downgraded Fogo De Chao from a “c-” rating to a “d+” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Fogo De Chao from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.17.
Fogo De Chao (NASDAQ:FOGO) last posted its quarterly earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Fogo De Chao had a return on equity of 3.57% and a net margin of 3.53%. The business had revenue of $71.40 million for the quarter, compared to the consensus estimate of $71.40 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. equities analysts forecast that Fogo De Chao Inc will post 0.77 EPS for the current fiscal year.
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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