Media stories about Fogo De Chao (NASDAQ:FOGO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fogo De Chao earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 45.9446296950904 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Fogo De Chao Inc. Rated ‘B’ On Acquisition By Rhone Capital; Debt Rated ‘B’; Outlook Stable (thaipr.net)
- BRIEF-Fogo De Chao Says Q1 YTD U.S. SSS, Traffic Both Increased 3.1 Pct (reuters.com)
- Prime Cut Merger Sub Inc. — Moody’s assigns B2 CFR to Prime Cut Merger Sub Inc. (Fogo de Chao), B2 to 1st lien bank facility (finance.yahoo.com)
- New Spring Menu Debuts at Fogo de Chão (finance.yahoo.com)
Several equities analysts have recently issued reports on FOGO shares. Zacks Investment Research raised shares of Fogo De Chao from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. Credit Suisse Group reissued a “neutral” rating and set a $15.75 price target (up previously from $14.00) on shares of Fogo De Chao in a report on Tuesday, February 27th. BidaskClub raised shares of Fogo De Chao from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 10th. TheStreet raised shares of Fogo De Chao from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, Piper Jaffray Companies downgraded shares of Fogo De Chao from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.69.
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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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