TOday’s Movers: Fogo De Chao (NASDAQ:FOGO) Stock Rating Maintained at Jefferies; $14.0 Target Price Indicates -11.11 % Potential

April 17, 2018 - By Vivian Currie

Fogo de Chão, Inc. (NASDAQ:FOGO) Logo

Fogo De Chao (NASDAQ:FOGO) Rating Reaffirmed

Jefferies now has a $14.0 price target on shares of Fogo De Chao (NASDAQ:FOGO). The price target means a potential downside of -11.11 % from the current price of Fogo De Chao (NASDAQ:FOGO). This rating was disclosed to clients in analysts note on 22 December.

Fogo de Chão, Inc. (NASDAQ:FOGO) Ratings Coverage

Among 5 analysts covering Fogo de Chao (NASDAQ:FOGO), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Fogo de Chao has $16.0 highest and $11.5 lowest target. $15.17’s average target is -3.68% below currents $15.75 stock price. Fogo de Chao had 12 analyst reports since October 18, 2017 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Wednesday, February 21. The firm has “Buy” rating by Canaccord Genuity given on Thursday, January 11. The rating was downgraded by Canaccord Genuity on Wednesday, February 21 to “Hold”. The rating was maintained by Jefferies with “Buy” on Wednesday, October 18. Credit Suisse maintained Fogo de Chão, Inc. (NASDAQ:FOGO) rating on Monday, October 23. Credit Suisse has “Neutral” rating and $12 target. The firm has “Buy” rating by Jefferies given on Friday, December 22. Canaccord Genuity maintained the shares of FOGO in report on Wednesday, November 8 with “Buy” rating. The firm earned “Neutral” rating on Tuesday, February 27 by Credit Suisse. The rating was downgraded by Piper Jaffray on Tuesday, February 20 to “Hold”. The stock of Fogo de Chão, Inc. (NASDAQ:FOGO) earned “Buy” rating by Canaccord Genuity on Friday, January 5.

It closed at $15.75 lastly. It is down 0.64% since April 17, 2017 and is uptrending. It has underperformed by 10.91% the S&P500.

Analysts await Fogo de Chão, Inc. (NASDAQ:FOGO) to report earnings on May, 14. They expect $0.20 earnings per share, up 11.11 % or $0.02 from last year’s $0.18 per share. FOGO’s profit will be $5.68 million for 19.69 P/E if the $0.20 EPS becomes a reality. After $0.31 actual earnings per share reported by Fogo de Chão, Inc. for the previous quarter, Wall Street now forecasts -35.48 % negative EPS growth.

Fogo de Chao, Inc. owns and operates full-service Brazilian steakhouses under the Fogo de Chão brand name. The company has market cap of $447.01 million. The company’s restaurants offer beef, lamb, chicken, pork, seafood items, seasonal salads, soups and fresh vegetables, and desserts, as well as liquor, beer, and wine. It has a 15.75 P/E ratio. As of August 09, 2017, it operated 49 restaurants in the United States, Brazil, Mexico, and the Middle East.

Fogo de Chão, Inc. (NASDAQ:FOGO) Ratings Chart

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