Fogo de Chao Inc. (NASDAQ:FOGO) – Research analysts at Jefferies Group lowered their Q4 2016 earnings estimates for Fogo de Chao in a report released on Tuesday. Jefferies Group analyst A. Barish now forecasts that the brokerage will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.28. Jefferies Group currently has a “Buy” rating and a $15.00 price target on the stock. Jefferies Group also issued estimates for Fogo de Chao’s FY2017 earnings at $0.98 EPS.

Fogo de Chao (NASDAQ:FOGO) last announced its earnings results on Monday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Fogo de Chao had a net margin of 10.39% and a return on equity of 9.35%. The firm had revenue of $69 million for the quarter, compared to the consensus estimate of $65.80 million. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis.

Earnings History and Estimates for Fogo de Chao (NASDAQ:FOGO)

FOGO has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Fogo de Chao from a “hold” rating to a “strong sell” rating in a report on Wednesday. JPMorgan Chase & Co. reiterated a “hold” rating and set a $15.00 price target on shares of Fogo de Chao in a report on Wednesday, September 28th. Canaccord Genuity began coverage on shares of Fogo de Chao in a report on Monday, August 22nd. They set a “hold” rating and a $13.00 price target for the company. Deutsche Bank AG decreased 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 research report on Wednesday, August 10th. Finally, TheStreet cut shares of Fogo de Chao from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Two research 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 stock currently has a consensus rating of “Hold” and a consensus price target of $14.70.

Shares of Fogo de Chao (NASDAQ:FOGO) opened at 12.80 on Wednesday. The stock has a market capitalization of $360.00 million, a P/E ratio of 11.27 and a beta of 0.14. The firm has a 50 day moving average of $11.36 and a 200-day moving average of $13.03. Fogo de Chao has a 12 month low of $10.50 and a 12 month high of $17.89.

A number of hedge funds and other institutional investors have recently made changes to their positions in FOGO. BlackRock Investment Management LLC boosted its position in shares of 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 period. Boothbay Fund Management LLC boosted its position in shares of Fogo de Chao by 95.4% in the first quarter. Boothbay Fund Management LLC now owns 25,591 shares of the company’s stock worth $399,000 after buying an additional 12,497 shares during the period. Northern Trust Corp boosted its position in shares of Fogo de Chao by 6.5% in the third quarter. Northern Trust Corp now owns 52,845 shares of the company’s stock worth $558,000 after buying an additional 3,234 shares during the period. State Street Corp boosted its position 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 during the period. Finally, Westpac Banking Corp acquired a new position in shares of Fogo de Chao during the third quarter worth $710,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

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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