Fogo de Chao, Inc. (NASDAQ:FOGO) is set to announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Fogo de Chao has set its FY17 guidance at $0.92-0.95 EPS.
Fogo de Chao (NASDAQ:FOGO) last announced its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $77.80 million during the quarter, compared to the consensus estimate of $77.46 million. Fogo de Chao had a net margin of 7.40% and a return on equity of 8.08%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. On average, analysts expect Fogo de Chao to post $0.78 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.
Fogo de Chao, Inc. (FOGO) opened at 11.00 on Monday. The stock’s 50 day moving average price is $12.05 and its 200 day moving average price is $12.05. Fogo de Chao, Inc. has a 1-year low of $10.70 and a 1-year high of $17.05. The company has a market cap of $310.59 million, a P/E ratio of 13.92 and a beta of 0.38.
FOGO has been the subject of several research analyst reports. Zacks Investment Research lowered Fogo de Chao from a “buy” rating to a “sell” rating in a report on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Fogo de Chao in a report on Thursday, August 10th. Credit Suisse Group cut their price objective on Fogo de Chao from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, October 23rd. BidaskClub raised Fogo de Chao from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Finally, Canaccord Genuity cut their price objective on Fogo de Chao from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.08.
A hedge fund recently raised its stake in Fogo de Chao stock. California State Teachers Retirement System raised its stake in shares of Fogo de Chao, Inc. (NASDAQ:FOGO) by 65.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 16,647 shares of the restaurant operator’s stock after purchasing an additional 6,600 shares during the period. California State Teachers Retirement System owned 0.06% of Fogo de Chao worth $231,000 as of its most recent SEC filing. 85.58% of the stock is owned by hedge funds and other institutional investors.
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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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