Zacks Investment Research upgraded shares of Fogo De Chao (NASDAQ:FOGO) from a strong sell rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Fogo De Chao, Inc. owns and operates Brazilian steakhouses. It offers beef, lamb, chicken, pork and seafood items as well as liquor, beer and wine. The company operates primarily in the United States, Puerto Rico and Brazil. Fogo De Chao, Inc. is headquartered in Dallas, Texas. “

Several other equities analysts also recently commented on FOGO. BidaskClub upgraded shares of Fogo De Chao from a strong sell rating to a sell rating in a report on Thursday, December 14th. ValuEngine raised shares of Fogo De Chao from a hold rating to a buy rating in a research report on Monday, October 2nd. Credit Suisse Group reduced their target price on shares of Fogo De Chao from $15.00 to $12.00 and set a neutral rating for the company in a research report on Monday, October 23rd. Canaccord Genuity reduced their target price on shares of Fogo De Chao from $17.00 to $15.00 and set a buy rating for the company in a research report on Wednesday, October 18th. Finally, TheStreet cut shares of Fogo De Chao from a c- rating to a d+ rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Fogo De Chao presently has a consensus rating of Hold and a consensus price target of $14.67.

Fogo De Chao (NASDAQ:FOGO) opened at $12.00 on Tuesday. Fogo De Chao has a fifty-two week low of $10.30 and a fifty-two week high of $17.05. The company has a market cap of $326.32, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.54 and a quick ratio of 1.41.

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

Several institutional investors have recently made changes to their positions in FOGO. 683 Capital Management LLC lifted its position in Fogo De Chao by 26.7% during the third 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. Algert Global LLC bought a new stake in Fogo De Chao during the third quarter worth about $699,000. OxFORD Asset Management LLP lifted its position in Fogo De Chao by 50.1% during the third quarter. OxFORD Asset Management LLP now owns 98,984 shares of the restaurant operator’s stock worth $1,229,000 after purchasing an additional 33,058 shares during the period. Archon Capital Management LLC lifted its position in Fogo De Chao by 44.5% during the third 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. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Fogo De Chao during the third quarter worth about $161,000. 85.98% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Fogo De Chao (FOGO) Upgraded to “Hold” at Zacks Investment Research” was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.watchlistnews.com/fogo-de-chao-fogo-upgraded-to-hold-at-zacks-investment-research/1774138.html.

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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

Receive News & Ratings for Fogo De Chao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fogo De Chao and related companies with MarketBeat.com's FREE daily email newsletter.