Analysts predict that Fogo De Chao Inc (NASDAQ:FOGO) will announce sales of $84.65 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fogo De Chao’s earnings. The lowest sales estimate is $83.90 million and the highest is $85.14 million. Fogo De Chao posted sales of $80.88 million in the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The company is scheduled to report its next earnings report on Tuesday, March 13th.

On average, analysts expect that Fogo De Chao will report full year sales of $84.65 million for the current financial year, with estimates ranging from $308.50 million to $310.66 million. For the next fiscal year, analysts forecast that the business will post sales of $338.33 million per share, with estimates ranging from $335.35 million to $340.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Fogo De Chao.

Fogo De Chao (NASDAQ:FOGO) last posted its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. Fogo De Chao had a net margin of 6.76% and a return on equity of 7.36%. The company had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $71.40 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Fogo De Chao’s revenue for the quarter was up 3.5% compared to the same quarter last year.

A number of brokerages have issued reports on FOGO. Canaccord Genuity cut their price target on shares of 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 upgraded shares of Fogo De Chao from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet lowered shares of Fogo De Chao from a “c-” rating to a “d+” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Fogo De Chao from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Credit Suisse Group cut their price target on shares of Fogo De Chao from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.67.

Fogo De Chao (NASDAQ:FOGO) traded up $0.40 during trading hours on Thursday, reaching $12.50. 198,500 shares of the company were exchanged, compared to its average volume of 83,273. 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 stock has a market capitalization of $341.86, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.07 and a beta of 0.38.

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Fogo De Chao by 132.5% in the third quarter. Bessemer Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 4,730 shares during the period. New York State Common Retirement Fund grew its position in Fogo De Chao by 221.1% during 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 buying an additional 7,299 shares during the period. Nationwide Fund Advisors grew its position in Fogo De Chao by 269.6% during the second quarter. Nationwide Fund Advisors now owns 11,095 shares of the restaurant operator’s stock valued at $154,000 after buying an additional 8,093 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Fogo De Chao during the third quarter valued at $161,000. Finally, Citigroup Inc. grew its position in Fogo De Chao by 83.3% during the second 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 during the period. Hedge funds and other institutional investors own 85.98% of the company’s stock.

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

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