Somewhat Favorable News Coverage Somewhat Unlikely to Affect Fogo de Chao (FOGO) Share Price
Media headlines about Fogo de Chao (NASDAQ:FOGO) have trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fogo de Chao earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.6982732099043 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Fogo de Chao (FOGO) traded down 0.80% during mid-day trading on Friday, hitting $12.40. The stock had a trading volume of 62,057 shares. The stock has a market capitalization of $350.11 million, a P/E ratio of 15.70 and a beta of 0.38. Fogo de Chao has a 52 week low of $10.50 and a 52 week high of $14.95. The stock has a 50 day moving average of $12.42 and a 200-day moving average of $12.42.
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 the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $77.80 million for the quarter, compared to the consensus estimate of $77.46 million. Fogo de Chao had a return on equity of 8.08% and a net margin of 7.40%. Fogo de Chao’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, equities research analysts predict that Fogo de Chao will post $0.91 earnings per share for the current year.
A number of research analysts recently weighed in on FOGO shares. Zacks Investment Research downgraded Fogo de Chao from a “buy” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered Fogo de Chao from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 target price on shares of Fogo de Chao in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Fogo de Chao currently has a consensus rating of “Hold” and an average target price of $16.58.
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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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