Equities research analysts expect Fogo De Chao Inc (NASDAQ:FOGO) to announce $84.45 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Fogo De Chao’s earnings, with the highest sales estimate coming in at $86.50 million and the lowest estimate coming in at $82.40 million. Fogo De Chao reported sales of $76.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The company is scheduled to announce its next earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Fogo De Chao will report full year sales of $84.45 million for the current financial year, with estimates ranging from $335.35 million to $344.78 million. For the next fiscal year, analysts anticipate that the business will report sales of $365.13 million per share, with estimates ranging from $360.50 million to $369.76 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Fogo De Chao.
Several research analysts recently issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Fogo De Chao in a research report on Friday, December 22nd. Zacks Investment Research downgraded Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. BidaskClub downgraded Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Wells Fargo & Co cut shares of Fogo De Chao from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 21st. Finally, Canaccord Genuity cut shares of Fogo De Chao from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.88.
Shares of Fogo De Chao (FOGO) traded down $0.10 during trading hours on Thursday, reaching $15.60. The company had a trading volume of 401,659 shares, compared to its average volume of 249,685. The company has a market cap of $440.75 and a price-to-earnings ratio of 22.29. 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 twelve month low of $10.30 and a twelve month high of $17.05.
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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