Fogo de Chao Inc. (NASDAQ:FOGO) hit a new 52-week low on Monday . The company traded as low as $11.67 and last traded at $11.67, with a volume of 22,491 shares. The stock had previously closed at $11.73.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Fogo de Chao from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet downgraded Fogo de Chao from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Deutsche Bank AG lowered their target price on Fogo de Chao from $20.00 to $14.50 and set a “hold” rating for the company in a report on Wednesday, August 10th. Canaccord Genuity assumed coverage on Fogo de Chao in a report on Monday, August 22nd. They issued a “hold” rating and a $13.00 target price for the company. Finally, Macquarie downgraded Fogo de Chao from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Fogo de Chao currently has a consensus rating of “Hold” and an average price target of $16.50.

The company’s 50 day moving average price is $12.94 and its 200 day moving average price is $14.40. The stock has a market capitalization of $329.06 million, a PE ratio of 10.30 and a beta of 0.31.

Fogo de Chao (NASDAQ:FOGO) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.03. Fogo de Chao had a return on equity of 10.01% and a net margin of 11.88%. The firm earned $69.60 million during the quarter, compared to analysts’ expectations of $73.31 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Fogo de Chao’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that Fogo de Chao Inc. will post $0.86 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of FOGO. 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. 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 valued at $5,560,000 after buying an additional 42,383 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Fogo de Chao by 68.7% in the first quarter. Spark Investment Management LLC now owns 84,200 shares of the company’s stock valued at $1,314,000 after buying an additional 34,300 shares in the last quarter. 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. Finally, LPL Financial LLC bought a new stake in shares of Fogo de Chao during the first quarter valued at $162,000. Institutional investors own 92.87% of the company’s stock.

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).

5 Day Chart for NASDAQ:FOGO

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