Fogo de Chao, Inc. (NASDAQ:FOGO) – Jefferies Group cut their Q4 2017 EPS estimates for Fogo de Chao in a research note issued to investors on Tuesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.34.

A number of other equities research analysts also recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 target price on shares of Fogo de Chao in a research report on Thursday. Zacks Investment Research downgraded shares of Fogo de Chao from a “buy” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Fogo de Chao from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity raised shares of Fogo de Chao from a “hold” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $20.00 in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.36.

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Shares of Fogo de Chao (NASDAQ FOGO) traded down 0.39% during trading on Friday, hitting $12.80. The stock had a trading volume of 51,211 shares. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $14.39. The firm has a market cap of $361.11 million, a PE ratio of 16.20 and a beta of 0.36. Fogo de Chao has a 52-week low of $10.50 and a 52-week high of $17.05.

Fogo de Chao (NASDAQ:FOGO) last announced its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. Fogo de Chao had a return on equity of 8.14% and a net margin of 7.40%. The business had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $77.46 million. During the same quarter in the previous year, the firm earned $0.22 EPS. Fogo de Chao’s quarterly revenue was up 11.8% on a year-over-year basis.

In other news, Director Todd M. Abbrecht sold 4,500,000 shares of Fogo de Chao stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $14.00, for a total transaction of $63,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 675,000 shares of Fogo de Chao stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $14.00, for a total transaction of $9,450,000.00. The disclosure for this sale can be found here. Insiders own 82.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of Fogo de Chao by 221.1% in the second quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 7,299 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Fogo de Chao by 269.6% in the second quarter. Nationwide Fund Advisors now owns 11,095 shares of the restaurant operator’s stock valued at $154,000 after buying an additional 8,093 shares in the last quarter. Citigroup Inc. boosted its position in shares of Fogo de Chao by 83.3% in the second quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 5,299 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Fogo de Chao during the second quarter valued at $199,000. Finally, Teachers Advisors LLC boosted its position in shares of Fogo de Chao by 130.1% in the second quarter. Teachers Advisors LLC now owns 16,477 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 9,316 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

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).

Earnings History and Estimates for Fogo de Chao (NASDAQ:FOGO)

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