Northern Trust Corp lifted its position in Fogo de Chao, Inc. (NASDAQ:FOGO) by 66.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 116,896 shares of the restaurant operator’s stock after purchasing an additional 46,814 shares during the quarter. Northern Trust Corp owned 0.41% of Fogo de Chao worth $1,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FOGO. New York State Common Retirement Fund grew its holdings in Fogo de Chao by 221.1% during the 2nd quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 7,299 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Fogo de Chao by 269.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,095 shares of the restaurant operator’s stock worth $154,000 after acquiring an additional 8,093 shares during the last quarter. Citigroup Inc. grew its holdings in Fogo de Chao by 83.3% during the 2nd quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 5,299 shares during the last quarter. Marshall Wace LLP bought a new stake in Fogo de Chao during the 2nd quarter worth about $199,000. Finally, Teachers Advisors LLC grew its holdings in Fogo de Chao by 130.1% during the 2nd quarter. Teachers Advisors LLC now owns 16,477 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 9,316 shares during the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Credit Suisse Group decreased their price objective on shares of Fogo de Chao from $12.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, November 9th. Canaccord Genuity decreased their price objective on shares of Fogo de Chao from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. TheStreet lowered shares of Fogo de Chao from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Fogo de Chao from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, ValuEngine raised shares of Fogo de Chao from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. 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. The stock has an average rating of “Hold” and a consensus target price of $14.67.

Fogo de Chao, Inc. (NASDAQ:FOGO) opened at $11.35 on Monday. The stock has a market cap of $320.67, a PE ratio of 14.74, a PEG ratio of 1.00 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, Inc. has a one year low of $10.30 and a one year high of $17.05.

Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.40 million. Fogo de Chao had a net margin of 6.76% and a return on equity of 7.36%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. sell-side analysts expect that Fogo de Chao, Inc. will post 0.77 earnings per share for the current fiscal year.

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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).

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Institutional Ownership by Quarter for Fogo de Chao (NASDAQ:FOGO)

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