Zacks: Analysts Anticipate Fogo de Chao, Inc. (FOGO) to Post $0.17 EPS
Analysts expect Fogo de Chao, Inc. (NASDAQ:FOGO) to report earnings per share (EPS) of $0.17 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fogo de Chao’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.19. Fogo de Chao posted earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Fogo de Chao will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $0.92. For the next year, analysts expect that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.92 to $1.02. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Fogo de Chao.
Fogo de Chao (NASDAQ:FOGO) last released its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $77.46 million. Fogo de Chao had a net margin of 7.40% and a return on equity of 8.08%. Fogo de Chao’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share.
Several equities research analysts have commented on the stock. BidaskClub raised shares of Fogo de Chao from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 price target on shares of Fogo de Chao in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Fogo de Chao from a “buy” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.36.
Several hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in shares of Fogo de Chao by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock worth $7,283,000 after acquiring an additional 6,017 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Fogo de Chao by 438.6% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 520,499 shares of the restaurant operator’s stock worth $7,234,000 after acquiring an additional 423,859 shares in the last quarter. Archon Capital Management LLC boosted its stake in shares of Fogo de Chao by 45.7% during the 2nd quarter. Archon Capital Management LLC now owns 376,660 shares of the restaurant operator’s stock worth $5,236,000 after acquiring an additional 118,181 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Fogo de Chao by 69.3% during the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock worth $5,168,000 after acquiring an additional 152,169 shares in the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Fogo de Chao during the 2nd quarter worth about $4,711,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Fogo de Chao (FOGO) opened at 12.45 on Friday. The company’s 50-day moving average price is $13.05 and its 200 day moving average price is $14.21. The stock has a market capitalization of $351.53 million, a P/E ratio of 15.76 and a beta of 0.38. Fogo de Chao has a 52-week low of $10.50 and a 52-week high of $17.05.
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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).
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