Fogo de Chao Inc. (NASDAQ:FOGO) – Stock analysts at Jefferies Group increased their FY2016 earnings per share (EPS) estimates for shares of Fogo de Chao in a report issued on Tuesday. Jefferies Group analyst A. Barish now forecasts that the firm will post earnings per share of $0.86 for the year, up from their prior forecast of $0.85. Jefferies Group has a “Buy” rating and a $15.00 price target on the stock.

Fogo de Chao (NASDAQ:FOGO) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The company had revenue of $69 million for the quarter, compared to analyst estimates of $65.80 million. Fogo de Chao had a return on equity of 9.51% and a net margin of 10.39%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share.

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

FOGO has been the topic of a number of other reports. TheStreet lowered Fogo de Chao from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Canaccord Genuity started coverage on Fogo de Chao in a research note on Monday, August 22nd. They issued a “hold” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded Fogo de Chao from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 11th. JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 target price on shares of Fogo de Chao in a research note on Wednesday, September 28th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $16.00 target price (down from $18.00) on shares of Fogo de Chao in a research note on Saturday, August 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.70.

Fogo de Chao (NASDAQ:FOGO) opened at 12.80 on Thursday. The firm has a market capitalization of $360.00 million, a price-to-earnings ratio of 11.27 and a beta of 0.14. Fogo de Chao has a 1-year low of $10.50 and a 1-year high of $17.89. The company has a 50 day moving average price of $11.36 and a 200-day moving average price of $13.03.

A number of large investors have recently modified their holdings of FOGO. Northern Trust Corp boosted its stake 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 valued at $558,000 after buying an additional 3,234 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of Fogo de Chao during the third quarter valued at $710,000. State Street Corp boosted 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 valued at $706,000 after buying an additional 199 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of 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 valued at $6,463,000 after buying an additional 234,698 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 valued at $1,598,000 after buying an additional 539 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

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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