Shares of Fogo de Chao Inc. (NASDAQ:FOGO) were down 1.5% during trading on Monday . The company traded as low as $12.25 and last traded at $12.29, with a volume of 65,388 shares traded. The stock had previously closed at $12.48.

A number of analysts have commented on FOGO shares. Zacks Investment Research lowered shares of Fogo de Chao from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $16.00 target price (down previously from $18.00) on shares of Fogo de Chao in a report on Saturday, August 13th. Macquarie lowered shares of Fogo de Chao from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 24th. Jefferies Group reaffirmed a “buy” rating and set a $22.00 target price on shares of Fogo de Chao in a report on Wednesday, May 11th. Finally, Deutsche Bank AG reduced their price target on shares of Fogo de Chao from $20.00 to $14.50 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Fogo de Chao has a consensus rating of “Hold” and an average price target of $17.06.

The company’s 50 day moving average is $13.40 and its 200-day moving average is $14.63. The company has a market cap of $345.66 million and a price-to-earnings ratio of 10.82.

Fogo de Chao (NASDAQ:FOGO) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. During the same period last year, the firm posted $0.25 earnings per share. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.31 million. Fogo de Chao’s revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Fogo de Chao Inc. will post $0.86 earnings per share for the current fiscal year.

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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