Fogo De Chao (NASDAQ:FOGO) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

FOGO has been the subject of a number of other research reports. Credit Suisse Group dropped their price objective on shares of Fogo De Chao from $12.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, November 9th. Canaccord Genuity dropped their price objective on shares of Fogo De Chao from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. TheStreet cut shares of Fogo De Chao from a “c-” rating to a “d+” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Finally, ValuEngine upgraded shares of Fogo De Chao from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Fogo De Chao has an average rating of “Hold” and an average target price of $14.67.

Fogo De Chao (FOGO) opened at $11.60 on Thursday. The company has a market cap of $330.56 and a price-to-earnings ratio of 16.23. Fogo De Chao has a one year low of $10.30 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.54.

Fogo De Chao (NASDAQ:FOGO) last released its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Fogo De Chao had a net margin of 6.76% and a return on equity of 7.36%. The firm had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $71.40 million. During the same period in the prior year, the company earned $0.16 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts predict that Fogo De Chao will post 0.77 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Fogo De Chao during the 2nd quarter worth about $920,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Fogo De Chao during the 2nd quarter worth about $258,000. Boston Partners acquired a new stake in shares of Fogo De Chao during the 2nd quarter worth about $2,258,000. ClariVest Asset Management LLC acquired a new stake in shares of Fogo De Chao during the 2nd quarter worth about $426,000. Finally, Bank of New York Mellon Corp increased its position in shares of Fogo De Chao by 36.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,780 shares of the restaurant operator’s stock worth $971,000 after purchasing an additional 18,775 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

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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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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