Key Researchers at Jefferies Reconfirmed their ‘Buy’ rating for Fogo De Chao (NASDAQ:FOGO) Shares Today. Their Target Price is $17.0

September 17, 2017 - By Kurt Siggers

 Key Researchers at Jefferies Reconfirmed their ‘Buy’ rating for Fogo De Chao (NASDAQ:FOGO) Shares Today. Their Target Price is $17.0

Fogo De Chao (NASDAQ:FOGO) Rating Reaffirmed

Recently, In a note shared with investors on Monday, 11 September, Fogo De Chao (NASDAQ:FOGO) shares have had their Buy Rating maintained by professional analysts at Jefferies, who currently has a $17.0 target on firm. This target by Jefferies indicates the possibile upside of 37.10 % from the last price.

Fogo De Chao Inc (NASDAQ:FOGO) Ratings Coverage

Among 5 analysts covering Fogo De Chao (NASDAQ:FOGO), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Fogo De Chao has $24 highest and $14.50 lowest target. $16.92’s average target is 36.45% above currents $12.4 stock price. Fogo De Chao had 14 analyst reports since August 13, 2015 according to SRatingsIntel. Jefferies maintained Fogo De Chao Inc (NASDAQ:FOGO) rating on Tuesday, June 13. Jefferies has “Buy” rating and $1700 target. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, May 24 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. The company was downgraded on Tuesday, May 17 by JP Morgan. The rating was maintained by Credit Suisse on Friday, October 9 with “Neutral”. Deutsche Bank maintained Fogo De Chao Inc (NASDAQ:FOGO) on Thursday, August 13 with “Hold” rating. The firm earned “Buy” rating on Monday, September 11 by Jefferies. The company was initiated on Thursday, October 22 by Macquarie Research. JP Morgan upgraded it to “Overweight” rating and $24 target in Wednesday, August 19 report. Jefferies maintained Fogo De Chao Inc (NASDAQ:FOGO) rating on Tuesday, August 8. Jefferies has “Buy” rating and $1700 target.

The stock decreased 0.80% or $0.1 on September 15, reaching $12.4. About 97,810 shares traded or 11.84% up from the average. Fogo De Chao Inc (NASDAQ:FOGO) has declined 1.28% since September 17, 2016 and is downtrending. It has underperformed by 17.98% the S&P500.

Investors wait Fogo De Chao Inc (NASDAQ:FOGO) to report on November, 6. its quarterly earnings Wall Street analysts expect $0.17 EPS, up $0.01 or 6.25 % from last year’s $0.16 same quarter earnings. This translates into $4.80M profit for FOGO giving the stock a 18.24 P/E. This is assuming the current $0.17 EPS is accurate. Fogo De Chao Inc’s Wall Street analysts see -19.05 % negative EPS growth, taking into account the $0.21 EPS reproted in the previous quarter,

Fogo de Chao, Inc. is a United States holding company. The company has market cap of $350.12 million. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. It has a 15.71 P/E ratio. The Firm owns 100% of Brasa Inc. (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc. (Brasa Holdings).

More notable 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 Nasdaq.com with their article: “Is the Worst Over for Fogo de Chao (FOGO) Stock Investors?” published on March 15, 2017, Globenewswire.com published: “Fogo de Chão, Inc. Announces Launch of Proposed Secondary Offering of Common Stock” on May 08, 2017. More interesting news about Fogo De Chao Inc (NASDAQ:FOGO) were released by: Fool.com and their article: “Why Fogo de Chao Inc Stock Jumped 17% in November” published on December 10, 2016 as well as Nasdaq.com‘s news article titled: “Fogo de Chao (FOGO) Q2 Earnings: Disappointment in Store?” with publication date: August 04, 2017.

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