Analysts Expect Fogo De Chao Inc (FOGO) Will Post Quarterly Sales of $84.45 Million
Analysts predict that Fogo De Chao Inc (NASDAQ:FOGO) will post sales of $84.45 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fogo De Chao’s earnings. The highest sales estimate is $86.50 million and the lowest is $82.40 million. Fogo De Chao reported sales of $76.36 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The firm is expected to issue its next earnings report on Tuesday, March 6th.
On average, analysts expect that Fogo De Chao will report full-year sales of $84.45 million for the current financial year, with estimates ranging from $335.35 million to $344.78 million. For the next year, analysts expect that the firm will report sales of $365.13 million per share, with estimates ranging from $360.50 million to $369.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fogo De Chao.
A number of equities research analysts recently issued reports on FOGO shares. Zacks Investment Research raised shares of Fogo De Chao from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Piper Jaffray Companies lowered shares of Fogo De Chao from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 20th. BidaskClub cut shares of Fogo De Chao from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Canaccord Genuity downgraded Fogo De Chao from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, ValuEngine downgraded Fogo De Chao from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.88.
Fogo De Chao (NASDAQ FOGO) traded down $0.10 during trading hours on Thursday, reaching $15.60. 401,659 shares of the company’s stock traded hands, compared to its average volume of 249,685. The stock has a market cap of $440.75 and a P/E ratio of 22.29. Fogo De Chao has a 12 month low of $10.30 and a 12 month high of $17.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.54.
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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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