Cooper Creek Partners Management LLC bought a new position in shares of Fogo de Chao, Inc. (NASDAQ:FOGO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 338,913 shares of the restaurant operator’s stock, valued at approximately $4,711,000. Fogo de Chao accounts for about 2.8% of Cooper Creek Partners Management LLC’s holdings, making the stock its 14th largest position. Cooper Creek Partners Management LLC owned about 1.20% of Fogo de Chao at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ClariVest Asset Management LLC purchased a new stake in shares of Fogo de Chao in the 2nd quarter valued at approximately $426,000. Oxford Asset Management purchased a new stake in shares of Fogo de Chao in the 1st quarter valued at approximately $553,000. Bank of New York Mellon Corp increased its position in shares of Fogo de Chao by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 51,005 shares of the restaurant operator’s stock valued at $829,000 after purchasing an additional 2,537 shares during the last quarter. Boston Partners purchased a new stake in shares of Fogo de Chao in the 2nd quarter valued at approximately $2,258,000. Finally, River & Mercantile Asset Management LLP increased its position in shares of Fogo de Chao by 45.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 293,281 shares of the restaurant operator’s stock valued at $4,069,000 after purchasing an additional 91,141 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fogo de Chao, Inc. (NASDAQ FOGO) traded up 0.40% during mid-day trading on Friday, reaching $12.40. 69,522 shares of the company were exchanged. The company’s 50-day moving average is $12.42 and its 200 day moving average is $12.42. Fogo de Chao, Inc. has a 12 month low of $10.50 and a 12 month high of $14.95. The firm has a market capitalization of $349.83 million, a price-to-earnings ratio of 14.59 and a beta of 0.38.

Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $77.46 million. Fogo de Chao had a net margin of 7.40% and a return on equity of 8.08%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Analysts predict that Fogo de Chao, Inc. will post $0.91 EPS for the current year.

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FOGO has been the topic of a number of recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $16.00 price objective on shares of Fogo de Chao in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Fogo de Chao from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, May 31st. Finally, BidaskClub raised shares of Fogo de Chao from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.36.

Fogo de Chao Company Profile

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).

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

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