News coverage about Fogo De Chao (NASDAQ:FOGO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fogo De Chao earned a news impact score of 0.20 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 45.9777960363466 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Prime Cut Merger Sub Inc. — Moody’s assigns B2 CFR to Prime Cut Merger Sub Inc. (Fogo de Chao), B2 to 1st lien bank facility (finance.yahoo.com)
- New Spring Menu Debuts at Fogo de Chão (finance.yahoo.com)
- Fogo de Chao beats 4Q profit forecasts (finance.yahoo.com)
- $86.68 Million in Sales Expected for Fogo De Chao Inc (FOGO) This Quarter (americanbankingnews.com)
- Fogo de Chão Brings Authentic Southern Brazilian Dining Experience to Dubai (finance.yahoo.com)
A number of brokerages recently weighed in on FOGO. Credit Suisse Group reiterated a “neutral” rating and set a $15.75 price target (up previously from $14.00) on shares of Fogo De Chao in a research note on Tuesday, February 27th. Canaccord Genuity cut shares of Fogo De Chao from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Wells Fargo & Co cut shares of Fogo De Chao from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 21st. Zacks Investment Research upgraded shares of Fogo De Chao from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, BidaskClub upgraded shares of Fogo De Chao from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.88.
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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).
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