Fogo De Chao (FOGO) Rating Reiterated by Jefferies Group

Jefferies Group reiterated their buy rating on shares of Fogo De Chao (NASDAQ:FOGO) in a research report report published on Friday. They currently have a $14.00 price target on the restaurant operator’s stock. Jefferies Group also issued estimates for Fogo De Chao’s FY2019 earnings at $0.95 EPS.

Several other brokerages have also commented on FOGO. Zacks Investment Research upgraded shares of Fogo De Chao from a sell rating to a hold rating in a report on Monday, September 11th. BidaskClub upgraded shares of Fogo De Chao from a strong sell rating to a sell rating in a report on Thursday, December 14th. ValuEngine upgraded shares of Fogo De Chao from a hold rating to a buy rating in a report on Monday, October 2nd. Canaccord Genuity decreased their price objective on shares of Fogo De Chao from $17.00 to $15.00 and set a buy rating on the stock in a report on Wednesday, October 18th. Finally, Credit Suisse Group decreased their price objective on shares of Fogo De Chao from $15.00 to $12.00 and set a neutral rating on the stock in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Fogo De Chao presently has an average rating of Hold and an average target price of $14.17.

Fogo De Chao (NASDAQ FOGO) opened at $11.80 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.46. The firm has a market cap of $333.39, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.04 and a beta of 0.38. Fogo De Chao has a fifty-two week low of $10.30 and a fifty-two week high of $17.05.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FOGO. Russell Investments Group Ltd. purchased a new stake in Fogo De Chao during the 2nd quarter worth approximately $920,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Fogo De Chao in the 2nd quarter valued at approximately $258,000. Bank of New York Mellon Corp increased its position in shares of Fogo De Chao by 36.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 69,780 shares of the restaurant operator’s stock valued at $971,000 after purchasing an additional 18,775 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Fogo De Chao in the 2nd quarter valued at approximately $199,000. Finally, River & Mercantile Asset Management LLP increased its position in shares of Fogo De Chao by 45.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 293,281 shares of the restaurant operator’s stock valued at $4,069,000 after purchasing an additional 91,141 shares during the last quarter. 85.98% of the stock is currently owned by hedge funds and other 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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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