The stock of Fogo De Chao Inc (NASDAQ:FOGO) reached all time low today, Sep, 30 and still has $9.08 target or 14.00% below today’s $10.56 share price. This indicates more downside for the $294.28M company. This technical setup was reported by Barchart.com. If the $9.08 PT is reached, the company will be worth $41.20 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 110,032 shares traded hands or 89.17% up from the average. Fogo De Chao Inc (NASDAQ:FOGO) has declined 32.69% since February 26, 2016 and is downtrending. It has underperformed by 43.11% the S&P500.
Analysts await Fogo De Chao Inc (NASDAQ:FOGO) to report earnings on November, 1. They expect $0.15 EPS, down 16.67% or $0.03 from last year’s $0.18 per share. FOGO’s profit will be $4.18 million for 17.60 P/E if the $0.15 EPS becomes a reality. After $0.22 actual EPS reported by Fogo De Chao Inc for the previous quarter, Wall Street now forecasts -31.82% negative EPS growth.
Fogo De Chao Inc (NASDAQ:FOGO) Ratings Coverage
Out of 4 analysts covering Fogo De Chao (NASDAQ:FOGO), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Fogo De Chao has been the topic of 10 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, October 22 by Macquarie Research. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 10. Deutsche Bank maintained Fogo De Chao Inc (NASDAQ:FOGO) on Thursday, August 13 with “Hold” rating. The firm has “Neutral” rating given on Tuesday, May 17 by JP Morgan. The stock has “Neutral” rating given by Credit Suisse on Friday, October 9. Macquarie Research downgraded Fogo De Chao Inc (NASDAQ:FOGO) on Tuesday, May 24 to “Neutral” rating. The rating was upgraded by JP Morgan on Wednesday, August 19 to “Overweight”. The stock of Fogo De Chao Inc (NASDAQ:FOGO) earned “Buy” rating by Jefferies on Wednesday, August 10.
According to Zacks Investment Research, “Fogo De Chao, Inc. owns and operates Brazilian steakhouses. It offers beef, lamb, chicken, pork and seafood items as well as liquor, beer and wine. The company operates primarily in the United States, Puerto Rico and Brazil. Fogo De Chao, Inc. is headquartered in Dallas, Texas.”
More recent Fogo De Chao Inc (NASDAQ:FOGO) news were published by: Marketwatch.com which released: “Fogo de Chao stock price target cut to $16 from $18 at Macquarie Research” on April 30, 2015. Also Fool.com published the news titled: “Better Buy for 2016: Wingstop Inc. or Fogo de Chao Inc?” on January 13, 2016. Fool.com‘s news article titled: “Better Buy: Wingstop Inc or Fogo de Chao Inc?” with publication date: July 13, 2015 was also an interesting one.
FOGO Company Profile
Fogo de Chao, Inc., incorporated on May 24, 2012, is a holding company. The Firm operates Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Firm operates through two divisions: the United States and Brazil. The Firm is specialized in fire-roasting meats utilizing the Southern Brazilian cooking technique of churrasco. It delivers Brazilian dining experience through the combination of its Brazilian cuisine and its service model known as espeto corrido (Portuguese for continuous service) delivered by its gaucho chefs. The Firm offers its guests with entree service table-side, which is available at each guest’s seat, green side up from its gaucho chefs. Each gaucho chef rotates throughout the dining room, and is responsible for a specific cut of meat, which they prepare, cook and serve to its guests throughout their meal. The Firm operates over 30 restaurants in the United States and over 10 restaurants in Brazil, and a joint venture restaurant in Mexico.
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