Fogo De Chao (FOGO) Receiving Somewhat Favorable News Coverage, Report Finds

News articles about Fogo De Chao (NASDAQ:FOGO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fogo De Chao earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 44.4881435376291 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several equities research analysts have issued reports on FOGO shares. Zacks Investment Research raised Fogo De Chao from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Canaccord Genuity downgraded Fogo De Chao from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Piper Jaffray downgraded Fogo De Chao from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 20th. Credit Suisse Group reissued a “neutral” rating and set a $15.75 target price (up previously from $14.00) on shares of Fogo De Chao in a report on Tuesday, February 27th. Finally, BidaskClub downgraded Fogo De Chao from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.69.

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FOGO opened at $15.75 on Wednesday. Fogo De Chao has a fifty-two week low of $10.30 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 1.28. The firm has a market cap of $447.01, a PE ratio of 19.21, a PEG ratio of 1.28 and a beta of 0.15.

Fogo De Chao (NASDAQ:FOGO) last posted its earnings results on Thursday, March 8th. The restaurant operator reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Fogo De Chao had a return on equity of 7.56% and a net margin of 9.11%. The company had revenue of $88.84 million during the quarter, compared to the consensus estimate of $86.68 million. sell-side analysts predict that Fogo De Chao will post 0.84 EPS for the current year.

In other news, major shareholder H. Lee Equity Fund Vi Thomas sold 17,149,323 shares of Fogo De Chao stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $15.75, for a total transaction of $270,101,837.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 82.80% of the stock is currently owned by company insiders.

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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).

Insider Buying and Selling by Quarter for Fogo De Chao (NASDAQ:FOGO)

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