Fogo de Chao Inc. (NASDAQ:FOGO) CFO Tony Laday purchased 1,000 shares of the stock in a transaction on Friday, September 30th. The shares were purchased at an average cost of $10.62 per share, for a total transaction of $10,620.00. Following the acquisition, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $10,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Fogo de Chao Inc. (NASDAQ:FOGO) opened at 10.66 on Tuesday. Fogo de Chao Inc. has a one year low of $10.50 and a one year high of $17.89. The firm’s 50-day moving average is $12.01 and its 200 day moving average is $13.95. The stock has a market cap of $299.81 million, a P/E ratio of 9.38 and a beta of 0.34.

Fogo de Chao (NASDAQ:FOGO) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.31 million. Fogo de Chao had a net margin of 11.88% and a return on equity of 10.01%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. On average, analysts anticipate that Fogo de Chao Inc. will post $0.86 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC increased its position in Fogo de Chao by 18.6% in the second quarter. BlackRock Investment Management LLC now owns 20,505 shares of the company’s stock valued at $268,000 after buying an additional 3,211 shares during the period. Boothbay Fund Management LLC increased its position in Fogo de Chao by 95.4% in the first quarter. Boothbay Fund Management LLC now owns 25,591 shares of the company’s stock valued at $399,000 after buying an additional 12,497 shares during the period. Geode Capital Management LLC increased its position in Fogo de Chao by 14.6% in the first quarter. Geode Capital Management LLC now owns 39,860 shares of the company’s stock valued at $622,000 after buying an additional 5,066 shares during the period. State Street Corp increased its position in Fogo de Chao by 0.4% in the second quarter. State Street Corp now owns 54,009 shares of the company’s stock valued at $706,000 after buying an additional 199 shares during the period. Finally, Spark Investment Management LLC increased its position in Fogo de Chao by 68.7% in the first quarter. Spark Investment Management LLC now owns 84,200 shares of the company’s stock valued at $1,314,000 after buying an additional 34,300 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Several brokerages have weighed in on FOGO. Jefferies Group lowered their price target on shares of Fogo de Chao from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Deutsche Bank AG lowered their price target on shares of Fogo de Chao from $20.00 to $14.50 and set a “hold” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Fogo de Chao from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $16.00 price target (down previously from $18.00) on shares of Fogo de Chao in a report on Saturday, August 13th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $15.00 price target on shares of Fogo de Chao in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Fogo de Chao has an average rating of “Hold” and a consensus price target of $16.36.

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).

5 Day Chart for NASDAQ:FOGO

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