Fogo de Chao Inc. (NASDAQ:FOGO) shares reached a new 52-week low during trading on Monday . The company traded as low as $11.67 and last traded at $11.67, with a volume of 22,491 shares trading hands. The stock had previously closed at $11.73.

A number of research analysts have recently commented on FOGO shares. Zacks Investment Research downgraded shares of Fogo de Chao from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Piper Jaffray Cos. reissued an “overweight” rating and set a $16.00 target price (down previously from $18.00) on shares of Fogo de Chao in a research report on Saturday, August 13th. Macquarie downgraded shares of Fogo de Chao from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 24th. TheStreet downgraded shares of Fogo de Chao from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Finally, Deutsche Bank AG dropped their target price on shares of Fogo de Chao from $20.00 to $14.50 and set a “hold” rating for the company in a research report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

The firm has a market capitalization of $322.59 million, a PE ratio of 10.10 and a beta of 0.31. The stock has a 50 day moving average price of $12.63 and a 200-day moving average price of $14.25.

Fogo de Chao (NASDAQ:FOGO) last released its earnings results on Tuesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.31 million. Fogo de Chao had a return on equity of 10.01% and a net margin of 11.88%. Fogo de Chao’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, analysts expect that Fogo de Chao Inc. will post $0.86 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. raised its position in Fogo de Chao by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 121,784 shares of the company’s stock worth $1,901,000 after buying an additional 1,490 shares during the period. Geode Capital Management LLC raised its position in Fogo de Chao by 14.6% in the first quarter. Geode Capital Management LLC now owns 39,860 shares of the company’s stock worth $622,000 after buying an additional 5,066 shares during the period. LPL Financial LLC bought a new position in Fogo de Chao during the first quarter worth $162,000. State Street Corp raised its position in Fogo de Chao by 0.4% in the second quarter. State Street Corp now owns 54,009 shares of the company’s stock worth $706,000 after buying an additional 199 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Fogo de Chao by 90.2% in the second quarter. TIAA CREF Investment Management LLC now owns 494,841 shares of the company’s stock worth $6,463,000 after buying an additional 234,698 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

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).

5 Day Chart for NASDAQ:FOGO

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