Fogo De Chao (NASDAQ:FOGO) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Fogo De Chao (NASDAQ:FOGO) from a buy rating to a hold rating in a report published on Tuesday, January 9th.

Several other analysts also recently commented on FOGO. BidaskClub downgraded Fogo De Chao from a sell rating to a strong sell rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Fogo De Chao from a sell rating to a hold rating in a research report on Monday, September 11th. Credit Suisse Group dropped their price target on shares of Fogo De Chao from $15.00 to $12.00 and set a neutral rating on the stock in a research report on Monday, October 23rd. Jefferies Group reaffirmed a buy rating and issued a $14.00 price target on shares of Fogo De Chao in a research report on Friday, December 22nd. Finally, Canaccord Genuity dropped their target price on shares of Fogo De Chao from $17.00 to $15.00 and set a buy rating on the stock in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $14.17.

Shares of Fogo De Chao (NASDAQ:FOGO) traded up $0.15 during trading on Tuesday, reaching $13.40. The company’s stock had a trading volume of 27,552 shares, compared to its average volume of 68,009. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.54. Fogo De Chao has a 52-week low of $10.30 and a 52-week high of $17.05. The firm has a market cap of $387.07, a P/E ratio of 18.61, a P/E/G ratio of 1.12 and a beta of 0.38.

Fogo De Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $71.40 million during the quarter, compared to the consensus estimate of $71.40 million. Fogo De Chao had a return on equity of 7.36% and a net margin of 6.76%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. analysts forecast that Fogo De Chao will post 0.77 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. bought a new stake in shares of Fogo De Chao in the 2nd quarter worth approximately $258,000. Algert Global LLC purchased a new position in Fogo De Chao in the 3rd quarter valued at approximately $699,000. Boston Partners grew its stake in Fogo De Chao by 10.8% in the 3rd quarter. Boston Partners now owns 180,020 shares of the restaurant operator’s stock valued at $2,232,000 after buying an additional 17,560 shares in the last quarter. 683 Capital Management LLC grew its stake in Fogo De Chao by 26.7% in the 3rd quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock valued at $11,780,000 after buying an additional 200,000 shares in the last quarter. Finally, Westpac Banking Corp grew its stake in Fogo De Chao by 92.1% in the 3rd quarter. Westpac Banking Corp now owns 69,149 shares of the restaurant operator’s stock valued at $857,000 after buying an additional 33,149 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors.

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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).

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