Fogo De Chao Inc (NASDAQ:FOGO) had its price objective raised by Deutsche Bank AG from $14.50 to $15.00 in a research report released on Wednesday. The firm currently has a hold rating on the stock.
Several other brokerages have also recently weighed in on FOGO. Jefferies Group LLC reiterated a buy rating on shares of Fogo De Chao in a research note on Friday, January 6th. Canaccord Genuity reiterated a hold rating and issued a $13.00 price objective on shares of Fogo De Chao in a research note on Friday, February 24th. Finally, TheStreet upgraded shares of Fogo De Chao from a sell rating to a hold rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $15.42.
Fogo De Chao (NASDAQ:FOGO) opened at 15.00 on Wednesday. The company has a 50-day moving average of $13.98 and a 200 day moving average of $13.16. The firm has a price-to-earnings ratio of 17.65. Fogo De Chao has a one year low of $10.50 and a one year high of $17.89.
Fogo De Chao (NASDAQ:FOGO) last issued its quarterly earnings data on Tuesday, March 14th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Fogo De Chao had a net margin of 10.39% and a return on equity of 9.35%. The business earned $80.90 million during the quarter, compared to analysts’ expectations of $77.06 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Fogo De Chao will post $0.91 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in FOGO. Two Sigma Investments LP purchased a new position in Fogo De Chao during the fourth quarter valued at approximately $183,000. KDI Capital Partners LLC raised its position in Fogo De Chao by 16.5% in the third quarter. KDI Capital Partners LLC now owns 20,537 shares of the company’s stock valued at $217,000 after buying an additional 2,902 shares in the last quarter. Redmond Asset Management LLC raised its position in Fogo De Chao by 0.5% in the fourth quarter. Redmond Asset Management LLC now owns 20,249 shares of the company’s stock valued at $291,000 after buying an additional 100 shares in the last quarter. Westpac Banking Corp purchased a new position in Fogo De Chao during the third quarter valued at approximately $710,000. Finally, Private Capital Management LLC raised its position in Fogo De Chao by 55.7% in the third quarter. Private Capital Management LLC now owns 970,279 shares of the company’s stock valued at $10,256,000 after buying an additional 347,170 shares in the last quarter. 91.20% 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).