Fogo de Chao (FOGO) Receiving Somewhat Favorable News Coverage, Study Finds
Media coverage about Fogo de Chao (NASDAQ:FOGO) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fogo de Chao earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 47.9632063749472 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Jamba (JMBA) and Fogo de Chao (NASDAQ:FOGO) Financial Review (americanbankingnews.com)
- Q4 2017 Earnings Estimate for Fogo de Chao, Inc. Issued By Jefferies Group (FOGO) (americanbankingnews.com)
- FY2017 EPS Estimates for Fogo de Chao, Inc. Reduced by Analyst (NASDAQ:FOGO) (americanbankingnews.com)
- Fogo de Chao, Inc. (FOGO) Announces Earnings Results, Misses Estimates By $0.02 EPS (americanbankingnews.com)
- Edited Transcript of FOGO earnings conference call or presentation 8-Aug-17 9:00pm GMT (finance.yahoo.com)
Several research analysts have issued reports on the company. Piper Jaffray Companies restated a “buy” rating and set a $16.00 target price on shares of Fogo de Chao in a research report on Thursday. Zacks Investment Research lowered Fogo de Chao from a “buy” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered Fogo de Chao from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity upgraded Fogo de Chao from a “hold” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.36.
Shares of Fogo de Chao (FOGO) traded up 0.39% on Friday, hitting $12.90. The company’s stock had a trading volume of 130,636 shares. The stock has a 50-day moving average price of $13.53 and a 200 day moving average price of $14.38. Fogo de Chao has a one year low of $10.50 and a one year high of $17.05. The firm has a market cap of $364.23 million, a price-to-earnings ratio of 16.33 and a beta of 0.36.
Fogo de Chao (NASDAQ:FOGO) last posted its quarterly earnings data 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 company had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $77.46 million. Fogo de Chao had a return on equity of 8.08% and a net margin of 7.40%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. Equities research analysts predict that Fogo de Chao will post $0.91 EPS for the current year.
In other Fogo de Chao news, major shareholder H. Lee Equity Fund Vi Thomas sold 675,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $14.00, for a total value of $9,450,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd M. Abbrecht sold 4,500,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Company insiders own 82.80% 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).
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