Shares of Fogo de Chao Inc. (NASDAQ:FOGO) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.75.

Several brokerages have issued reports 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 target price 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 lowered 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 issued a $16.00 target price (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 issued a $15.00 target price on shares of Fogo de Chao in a report on Wednesday, September 28th.

A number of large investors have recently modified their holdings of FOGO. State Street Corp raised its stake in shares of Fogo de Chao by 0.4% in the second quarter. State Street Corp now owns 54,009 shares of the company’s stock worth $706,000 after buying an additional 199 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Fogo de Chao by 90.2% in the second quarter. TIAA CREF Investment Management LLC now owns 494,841 shares of the company’s stock worth $6,463,000 after buying an additional 234,698 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Fogo de Chao by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 122,323 shares of the company’s stock worth $1,598,000 after buying an additional 539 shares during the last quarter. 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 worth $268,000 after buying an additional 3,211 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Fogo de Chao by 1.1% in the second quarter. Vanguard Group Inc. now owns 182,687 shares of the company’s stock worth $2,386,000 after buying an additional 2,064 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Fogo de Chao (NASDAQ:FOGO) traded down 0.777% during mid-day trading on Wednesday, hitting $10.855. 92,242 shares of the company were exchanged. The stock has a market cap of $305.30 million, a P/E ratio of 9.555 and a beta of 0.33. The company has a 50 day moving average of $11.96 and a 200 day moving average of $13.91. Fogo de Chao has a 12-month low of $10.50 and a 12-month high of $17.89.

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

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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