BidaskClub upgraded shares of Fogo De Chao (NASDAQ:FOGO) from a strong sell rating to a sell rating in a report released on Thursday morning.

FOGO has been the topic of several other research reports. Credit Suisse Group lowered their price objective on shares of Fogo De Chao from $15.00 to $12.00 and set a neutral rating on the stock in a research report on Monday, October 23rd. ValuEngine upgraded shares of Fogo De Chao from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Fogo De Chao from a hold rating to a sell rating in a research report on Thursday, October 19th. TheStreet cut shares of Fogo De Chao from a c- rating to a d+ rating in a research report on Friday, November 3rd. Finally, Canaccord Genuity lowered their price objective on shares of Fogo De Chao from $17.00 to $15.00 and set a buy rating on the stock in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Fogo De Chao has an average rating of Hold and a consensus target price of $14.67.

Fogo De Chao (FOGO) traded down $0.20 during trading on Thursday, hitting $11.60. 126,195 shares of the stock traded hands, compared to its average volume of 72,842. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.54. The stock has a market cap of $327.73, a PE ratio of 15.06, a P/E/G ratio of 1.02 and a beta of 0.38. Fogo De Chao has a 12-month low of $10.30 and a 12-month high of $17.05.

Fogo De Chao (NASDAQ:FOGO) last posted its quarterly earnings data on Tuesday, November 7th. The restaurant operator reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $71.40 million. Fogo De Chao had a net margin of 6.76% and a return on equity of 7.36%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. equities research analysts forecast that Fogo De Chao will post 0.77 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. 683 Capital Management LLC raised its position in Fogo De Chao by 26.7% in the 3rd quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock worth $11,780,000 after purchasing an additional 200,000 shares during the period. Archon Capital Management LLC raised its position in Fogo De Chao by 44.5% in the 3rd quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock worth $6,749,000 after purchasing an additional 167,607 shares during the period. TIAA CREF Investment Management LLC raised its position in Fogo De Chao by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock worth $7,283,000 after purchasing an additional 6,017 shares during the period. Vanguard Group Inc. raised its position in Fogo De Chao by 69.3% in the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock worth $5,168,000 after purchasing an additional 152,169 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new position in Fogo De Chao in the 2nd quarter worth $4,711,000. Institutional investors own 85.98% of the company’s stock.

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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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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