Fogo de Chao Inc. (NASDAQ:FOGO) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.70.

Several research analysts have recently issued reports on the stock. Jefferies Group lowered their price target on shares of Fogo de Chao from $20.00 to $18.00 and set a “buy” rating for the company 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 for the company 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. reiterated an “overweight” rating and set a $16.00 price target (down from $18.00) on shares of Fogo de Chao in a report on Saturday, August 13th. Finally, 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.

Fogo de Chao (NASDAQ:FOGO) opened at 13.50 on Wednesday. The stock has a 50 day moving average price of $11.42 and a 200 day moving average price of $13.01. Fogo de Chao has a 52-week low of $10.50 and a 52-week high of $17.89. The company has a market capitalization of $379.69 million, a price-to-earnings ratio of 11.88 and a beta of 0.14.

Fogo de Chao (NASDAQ:FOGO) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.16 EPS for the quarter, beating 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 business earned $69 million during the quarter, compared to the consensus estimate of $65.80 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Analysts anticipate that Fogo de Chao will post $0.86 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Boothbay Fund Management LLC boosted its stake 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 valued at $399,000 after buying an additional 12,497 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Fogo de Chao by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 425,707 shares of the company’s stock worth $5,560,000 after buying an additional 42,383 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 period. BlackRock Investment Management LLC boosted its stake 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. 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 worth $1,598,000 after buying an additional 539 shares during the period. 92.87% of the stock is currently owned by institutional investors.

About Fogo de Chao

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).

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