Stock Buzzer: After Touching 52-Week Low, Is Fogo De Chao Inc’s Near-Term Analysis Negative?

Stock Buzzer: After Touching 52 Week Low, Is Fogo De Chao Inc's Near Term Analysis Negative?

The stock of Fogo De Chao Inc (NASDAQ:FOGO) hit a new 52-week low and has $9.53 target or 10.00% below today’s $10.59 share price. The 9 months bearish chart indicates high risk for the $295.11M company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $9.53 price target is reached, the company will be worth $29.51 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 90,963 shares traded hands or 56.39% 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 earnings per share, down 16.67% or $0.03 from last year’s $0.18 per share. FOGO’s profit will be $4.18M for 17.65 P/E if the $0.15 EPS becomes a reality. After $0.22 actual earnings per share 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. Deutsche Bank maintained Fogo De Chao Inc (NASDAQ:FOGO) on Wednesday, August 10 with “Hold” rating. The company was initiated on Thursday, October 22 by Macquarie Research. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, May 24. The stock of Fogo De Chao Inc (NASDAQ:FOGO) has “Neutral” rating given on Tuesday, May 17 by JP Morgan. The stock of Fogo De Chao Inc (NASDAQ:FOGO) earned “Overweight” rating by JP Morgan on Wednesday, August 19. The firm has “Hold” rating given on Thursday, August 13 by Deutsche Bank. On Friday, October 9 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Buy” rating given on Wednesday, August 10 by Jefferies.

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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