Fogo De Chao Inc (FOGO) Given Average Recommendation of “Hold” by Brokerages

Shares of Fogo De Chao Inc (NASDAQ:FOGO) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.17.

Several equities analysts recently commented on FOGO shares. Credit Suisse Group dropped their price objective on Fogo De Chao from $12.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Zacks Investment Research upgraded Fogo De Chao from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet downgraded Fogo De Chao from a “c-” rating to a “d+” rating in a research note on Friday, November 3rd. Canaccord Genuity dropped their price objective on Fogo De Chao from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded Fogo De Chao from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 14th.

Fogo De Chao (NASDAQ FOGO) opened at $12.40 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 quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $346.10, a P/E ratio of 15.91, a P/E/G ratio of 1.00 and a beta of 0.58.

Several large investors have recently bought and sold shares of FOGO. Signia Capital Management LLC purchased a new stake in shares of Fogo De Chao during the fourth quarter worth $2,853,000. 683 Capital Management LLC lifted its position in shares of Fogo De Chao by 26.7% during the third quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock worth $11,780,000 after acquiring an additional 200,000 shares in the last quarter. Archon Capital Management LLC lifted its position in shares of Fogo De Chao by 44.5% during the third quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock worth $6,749,000 after acquiring an additional 167,607 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Fogo De Chao by 69.3% during the second 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, Thomson Horstmann & Bryant Inc. lifted its position in shares of Fogo De Chao by 16.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 552,066 shares of the restaurant operator’s stock worth $6,403,000 after acquiring an additional 76,020 shares in the last quarter. Hedge funds and other institutional investors own 86.35% 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).

Analyst Recommendations for Fogo De Chao (NASDAQ:FOGO)

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