The stock of Fogo De Chao Inc (NASDAQ:FOGO) is a huge mover today! About 111,774 shares traded hands or 50.15% up from the average. Fogo De Chao Inc (NASDAQ:FOGO) has declined 33.87% since March 7, 2016 and is downtrending. It has underperformed by 41.46% the S&P500.
The move comes after 9 months positive chart setup for the $312.20M company. It was reported on Oct, 10 by Barchart.com. We have $18.09 PT which if reached, will make NASDAQ:FOGO worth $196.69 million more.
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 $4.22 million for 18.50 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. The firm has “Buy” rating by Jefferies given on Wednesday, August 10. Credit Suisse maintained Fogo De Chao Inc (NASDAQ:FOGO) rating on Friday, October 9. Credit Suisse has “Neutral” rating and $20 price target. The firm has “Neutral” rating given on Tuesday, May 17 by JP Morgan. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. Deutsche Bank maintained Fogo De Chao Inc (NASDAQ:FOGO) on Thursday, August 13 with “Hold” rating. The stock of Fogo De Chao Inc (NASDAQ:FOGO) earned “Overweight” rating by JP Morgan on Wednesday, August 19. The company was initiated on Thursday, October 22 by Macquarie Research. The firm has “Neutral” rating by Macquarie Research given on Tuesday, May 24.
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 important recent Fogo De Chao Inc (NASDAQ:FOGO) news were published by: Fool.com which released: “Why Fogo de Chao Inc Stock Dropped 14% Last Month” on October 08, 2016, also Marketwatch.com published article titled: “Fogo de Chao stock price target cut to $16 from $18 at Macquarie Research”, Fool.com published: “Better Buy for 2016: Wingstop Inc. or Fogo de Chao Inc?” on January 13, 2016. More interesting news about Fogo De Chao Inc (NASDAQ:FOGO) was released by: Fool.com and their article: “Better Buy: Wingstop Inc or Fogo de Chao Inc?” with publication date: July 13, 2015.
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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