Exclusive: Is Fogo De Chao Inc a Sell? The Stock Declines Again

Exclusive: Is Fogo De Chao Inc a Sell? The Stock Declines Again

The stock of Fogo De Chao Inc (NASDAQ:FOGO) is a huge mover today! The stock decreased 1.86% or $0.2 during the last trading session, hitting $10.57. About 134,621 shares traded hands or 131.45% up from the average. Fogo De Chao Inc (NASDAQ:FOGO) has declined 33.94% since February 29, 2016 and is downtrending. It has underperformed by 44.36% the S&P500.
The move comes after 8 months negative chart setup for the $294.55M company. It was reported on Oct, 1 by Barchart.com. We have $9.30 PT which if reached, will make NASDAQ:FOGO worth $35.35M less.

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 $4.18 million for 17.62 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. JP Morgan upgraded it to “Overweight” rating and $24 target price in Wednesday, August 19 report. The company was downgraded on Tuesday, May 24 by Macquarie Research. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Hold”. Deutsche Bank maintained it with “Hold” rating and $22 target price in Thursday, August 13 report. Macquarie Research initiated Fogo De Chao Inc (NASDAQ:FOGO) rating on Thursday, October 22. Macquarie Research has “Outperform” rating and $20 price target. Credit Suisse maintained the shares of FOGO in a report on Friday, October 9 with “Neutral” rating. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, May 17. The stock has “Buy” rating given 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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