Jefferies Group reiterated their buy rating on shares of Fogo De Chao (NASDAQ:FOGO) in a research report sent to investors on Friday morning. The firm currently has a $14.00 price target on the restaurant operator’s stock. Jefferies Group also issued estimates for Fogo De Chao’s FY2019 earnings at $0.95 EPS.

A number of other brokerages also recently weighed in on FOGO. Zacks Investment Research upgraded shares of Fogo De Chao from a sell rating to a hold rating in a research report on Monday, September 11th. BidaskClub upgraded shares of Fogo De Chao from a strong sell rating to a sell rating in a research report on Thursday, December 14th. ValuEngine upgraded shares of Fogo De Chao from a hold rating to a buy rating in a research report on Monday, October 2nd. Canaccord Genuity cut their price target on shares of Fogo De Chao from $17.00 to $15.00 and set a buy rating on the stock in a research report on Wednesday, October 18th. Finally, Credit Suisse Group cut their price target on shares of Fogo De Chao from $15.00 to $12.00 and set a neutral rating on the stock in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $14.17.

Shares of Fogo De Chao (NASDAQ FOGO) traded down $0.75 during trading hours on Friday, hitting $11.80. 46,648 shares of the company were exchanged, compared to its average volume of 84,765. The firm has a market cap of $354.58, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.11 and a beta of 0.38. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.46. Fogo De Chao has a 1-year low of $10.30 and a 1-year high of $17.05.

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

A number of hedge funds have recently made changes to their positions in the business. 683 Capital Management LLC raised its holdings in Fogo De Chao by 26.7% during the 3rd quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock worth $11,780,000 after buying an additional 200,000 shares during the period. Algert Global LLC acquired a new stake in Fogo De Chao during the 3rd quarter worth approximately $699,000. OxFORD Asset Management LLP raised its holdings in Fogo De Chao by 50.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 98,984 shares of the restaurant operator’s stock worth $1,229,000 after buying an additional 33,058 shares during the period. Archon Capital Management LLC raised its holdings in Fogo De Chao by 44.5% during the 3rd quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock worth $6,749,000 after buying an additional 167,607 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Fogo De Chao during the 3rd quarter worth approximately $161,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.

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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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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