News headlines about Fogo De Chao (NASDAQ:FOGO) have been trending positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fogo De Chao earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 47.3799980681057 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have commented on FOGO shares. Zacks Investment Research cut Fogo De Chao from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Canaccord Genuity restated a “hold” rating on shares of Fogo De Chao in a research note on Sunday, April 8th. Credit Suisse Group restated a “neutral” rating and issued a $15.75 target price (up previously from $14.00) on shares of Fogo De Chao in a research note on Tuesday, February 27th. BidaskClub upgraded Fogo De Chao from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Finally, TheStreet upgraded Fogo De Chao from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.69.
Shares of Fogo De Chao opened at $15.75 on Friday, MarketBeat Ratings reports. Fogo De Chao has a 12-month low of $10.30 and a 12-month high of $17.05. The company has a market cap of $447.01 million, a PE ratio of 19.21, a P/E/G ratio of 1.28 and a beta of 0.15. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.43.
Fogo De Chao (NASDAQ:FOGO) last announced its quarterly earnings data on Thursday, March 8th. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $86.68 million. equities analysts expect that Fogo De Chao will post 0.84 earnings per share for the current fiscal year.
In other news, major shareholder H. Lee Equity Fund Vi Thomas sold 17,149,323 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 82.80% of the company’s stock.
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).
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