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.
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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