Several other equities analysts have also issued reports on the company. Canaccord Genuity dropped their price target on Fogo de Chao from $17.00 to $15.00 and set a buy rating on the stock in a research note on Wednesday, October 18th. ValuEngine raised Fogo de Chao from a hold rating to a buy rating in a research note on Monday, October 2nd. BidaskClub downgraded Fogo de Chao from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Fogo de Chao from a sell rating to a hold rating in a report on Monday, September 11th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $16.00 price target on shares of Fogo de Chao in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $14.67.
Fogo de Chao (NASDAQ FOGO) opened at $11.30 on Friday. Fogo de Chao has a 12-month low of $10.30 and a 12-month high of $17.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.54 and a quick ratio of 1.41. The company has a market capitalization of $323.50, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.01 and a beta of 0.32.
COPYRIGHT VIOLATION NOTICE: “Fogo de Chao, Inc. (FOGO) Downgraded by TheStreet” was reported by BBNS and is owned by of BBNS. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://baseballnewssource.com/markets/fogo-de-chao-inc-fogo-cut-to-d-at-thestreet/1757529.html.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in Fogo de Chao by 132.5% during the third quarter. Bessemer Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 4,730 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Fogo de Chao by 221.1% in the 2nd quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 7,299 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Fogo de Chao by 269.6% in the 2nd quarter. Nationwide Fund Advisors now owns 11,095 shares of the restaurant operator’s stock worth $154,000 after purchasing an additional 8,093 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Fogo de Chao by 83.3% in the 2nd quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 5,299 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Fogo de Chao in the 3rd quarter worth $161,000. Institutional investors own 84.91% of the company’s stock.
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).
Receive News & Ratings for Fogo de Chao Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fogo de Chao Inc. and related companies with our FREE daily email newsletter.