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.
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.
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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).
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