Fogo de Chao, Inc. (NASDAQ:FOGO) had its price objective decreased by equities researchers at Credit Suisse Group from $15.00 to $12.00 in a research report issued on Monday. The firm currently has a “neutral” rating on the restaurant operator’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 8.35% from the company’s current price.

Several other research analysts also recently commented on FOGO. Zacks Investment Research downgraded Fogo de Chao from a “buy” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut Fogo de Chao from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. 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. ValuEngine raised Fogo de Chao from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Canaccord Genuity lowered their price target on Fogo de Chao from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.08.

Fogo de Chao (NASDAQ:FOGO) traded up 1.13% during midday trading on Monday, hitting $11.20. The stock had a trading volume of 112,377 shares. Fogo de Chao has a 52 week low of $10.70 and a 52 week high of $17.05. The company has a 50-day moving average price of $12.22 and a 200-day moving average price of $12.22. The stock has a market cap of $316.23 million, a P/E ratio of 14.18 and a beta of 0.37.

Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Fogo de Chao had a return on equity of 8.08% and a net margin of 7.40%. The company had revenue of $77.80 million during the quarter, compared to the consensus estimate of $77.46 million. During the same quarter in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts expect that Fogo de Chao will post $0.81 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Fogo de Chao by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 51,005 shares of the restaurant operator’s stock valued at $829,000 after buying an additional 2,537 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Fogo de Chao by 83.3% during the 2nd quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 5,299 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings 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 valued at $7,283,000 after buying an additional 6,017 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Fogo de Chao by 65.7% during the 2nd quarter. California State Teachers Retirement System now owns 16,647 shares of the restaurant operator’s stock valued at $231,000 after buying an additional 6,600 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Fogo de Chao by 221.1% during the 2nd quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 7,299 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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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