Fogo De Chao Inc to Post FY2019 Earnings of $0.95 Per Share, Jefferies Group Forecasts (FOGO)

Fogo De Chao Inc (NASDAQ:FOGO) – Investment analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for Fogo De Chao in a report released on Friday. Jefferies Group analyst A. Barish anticipates that the restaurant operator will earn $0.95 per share for the year. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock.

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

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Fogo De Chao from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub upgraded Fogo De Chao from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 14th. Credit Suisse Group dropped their target price on Fogo De Chao from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, November 9th. Canaccord Genuity dropped their target price on Fogo De Chao from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, TheStreet downgraded Fogo De Chao from a “c-” rating to a “d+” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.17.

Fogo De Chao (NASDAQ FOGO) traded down $0.75 during trading hours on Monday, hitting $11.80. The company’s stock had a trading volume of 46,600 shares, compared to its average volume of 83,344. The stock has a market capitalization of $333.39 and a P/E ratio of 16.39. Fogo De Chao has a 12-month low of $10.30 and a 12-month high of $17.05. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46.

Several institutional investors have recently added to or reduced their stakes in FOGO. Cooper Creek Partners Management LLC bought a new position in shares of Fogo De Chao in the second quarter worth $4,711,000. 683 Capital Management LLC increased its holdings in shares of Fogo De Chao by 26.7% in the third quarter. 683 Capital Management LLC now owns 950,000 shares of the restaurant operator’s stock worth $11,780,000 after purchasing an additional 200,000 shares during the period. Archon Capital Management LLC increased its holdings in shares of Fogo De Chao by 44.5% in the third quarter. Archon Capital Management LLC now owns 544,267 shares of the restaurant operator’s stock worth $6,749,000 after purchasing an additional 167,607 shares during the period. Vanguard Group Inc. increased its stake in Fogo De Chao by 69.3% in the second quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock valued at $5,168,000 after acquiring an additional 152,169 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Fogo De Chao in the second quarter valued at $1,651,000. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://weekherald.com/2017/12/25/fogo-de-chao-inc-to-post-fy2019-earnings-of-0-95-per-share-jefferies-group-forecasts-fogo-2.html.

Fogo De Chao Company Profile

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).

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

Receive News & Ratings for Fogo De Chao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fogo De Chao and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply