Equities research analysts expect that Fogo De Chao Inc (NASDAQ:FOGO) will post earnings per share (EPS) of $0.28 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Fogo De Chao’s earnings, with estimates ranging from $0.28 to $0.29. Fogo De Chao also reported earnings of $0.28 per share in the same quarter last year. The business is scheduled to announce its next earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that Fogo De Chao will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.77 to $0.78. For the next financial year, analysts expect that the firm will report earnings of $0.83 per share, with EPS estimates ranging from $0.71 to $0.88. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Fogo De Chao.

Fogo De Chao (NASDAQ:FOGO) last released its quarterly earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.40 million. Fogo De Chao had a return on equity of 7.36% and a net margin of 6.76%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS.

Several research analysts have recently commented on the company. Canaccord Genuity reduced their price target on Fogo De Chao from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. ValuEngine raised Fogo De Chao from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Fogo De Chao from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub raised Fogo De Chao from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Credit Suisse Group reduced their target price on 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.67.

Fogo De Chao (FOGO) opened at $11.75 on Tuesday. The company has a market capitalization of $331.97 and a price-to-earnings ratio of 15.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.54 and a quick ratio of 1.41. Fogo De Chao has a 1 year low of $10.30 and a 1 year high of $17.05.

A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in Fogo De Chao by 132.5% during the 3rd 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 in the last quarter. Citigroup Inc. increased its holdings in shares of Fogo De Chao by 83.3% in the second quarter. Citigroup Inc. now owns 11,663 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 5,299 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Fogo De Chao by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock valued at $7,283,000 after purchasing an additional 6,017 shares during the period. California State Teachers Retirement System increased its holdings in shares of Fogo De Chao by 65.7% in the second quarter. California State Teachers Retirement System now owns 16,647 shares of the restaurant operator’s stock valued at $231,000 after purchasing an additional 6,600 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Fogo De Chao by 221.1% in the second quarter. New York State Common Retirement Fund now owns 10,600 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 7,299 shares during the period. 85.98% of the stock is currently owned by institutional investors.

WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/zacks-brokerages-anticipate-fogo-de-chao-inc-fogo-to-post-0-28-earnings-per-share.html.

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).

Get a free copy of the Zacks research report on Fogo De Chao (FOGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fogo De Chao (NASDAQ:FOGO)

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 MarketBeat.com's FREE daily email newsletter.