Fogo de Chao, Inc. (FOGO) Price Target Lowered to $11.50 at Credit Suisse Group
Fogo de Chao, Inc. (NASDAQ:FOGO) had its price target reduced by Credit Suisse Group from $12.00 to $11.50 in a research report sent to investors on Thursday morning. Credit Suisse Group currently has a neutral rating on the restaurant operator’s stock.
FOGO has been the topic of several other research reports. Piper Jaffray Companies reissued a buy rating and issued a $16.00 price target on shares of Fogo de Chao in a report on Thursday, August 10th. BidaskClub raised Fogo de Chao from a strong sell rating to a sell rating in a report on Monday, August 14th. Zacks Investment Research downgraded Fogo de Chao from a buy rating to a sell rating in a report on Wednesday, July 12th. ValuEngine raised Fogo de Chao from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, TheStreet downgraded Fogo de Chao from a c- rating to a d+ rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Fogo de Chao currently has an average rating of Hold and an average target price of $14.67.
Shares of Fogo de Chao (FOGO) traded up $0.30 on Thursday, hitting $10.75. The stock had a trading volume of 108,500 shares, compared to its average volume of 83,739. The firm has a market cap of $295.24, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. Fogo de Chao has a one year low of $10.30 and a one year high of $17.05.
Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.40 million. Fogo de Chao had a return on equity of 7.36% and a net margin of 6.76%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. sell-side analysts forecast that Fogo de Chao will post 0.78 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the business. Archon Capital Management LLC raised its stake in Fogo de Chao by 44.5% during the 3rd quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock valued at $6,749,000 after acquiring an additional 167,607 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Fogo de Chao by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock valued at $7,283,000 after acquiring an additional 6,017 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in Fogo de Chao by 438.6% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 520,499 shares of the restaurant operator’s stock valued at $7,234,000 after acquiring an additional 423,859 shares in the last quarter. Vanguard Group Inc. raised its stake in Fogo de Chao by 69.3% during the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock valued at $5,168,000 after acquiring an additional 152,169 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new stake in Fogo de Chao during the 2nd quarter valued at $4,711,000. 85.69% 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).
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