Press coverage about Fogo De Chao (NASDAQ:FOGO) has been trending somewhat positive this week, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fogo De Chao earned a news sentiment score of 0.05 on AlphaOne’s scale. AlphaOne also gave media headlines about the restaurant operator an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Fogo De Chao (NASDAQ:FOGO) traded up 2.89% during trading on Thursday, hitting $16.00. 14,158 shares of the stock traded hands. The company’s 50 day moving average price is $15.03 and its 200-day moving average price is $13.80. The stock has a market cap of $451.39 million, a P/E ratio of 18.82 and a beta of 0.44. Fogo De Chao has a 52-week low of $10.50 and a 52-week high of $17.87.
Fogo De Chao (NASDAQ:FOGO) last released its earnings results on Tuesday, March 14th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $80.90 million for the quarter, compared to analyst estimates of $77.06 million. Fogo De Chao had a net margin of 10.39% and a return on equity of 9.35%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Equities research analysts forecast that Fogo De Chao will post $0.91 earnings per share for the current fiscal year.
FOGO has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Fogo De Chao in a report on Friday, January 6th. Deutsche Bank AG increased their price objective on shares of Fogo De Chao from $14.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, March 15th. Wells Fargo & Co increased their price objective on shares of Fogo De Chao from $13.25 to $15.50 and gave the company an “in-line” rating in a report on Wednesday, March 15th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $13.00 price objective on shares of Fogo De Chao in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.42.
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Fogo De Chao Company Profile
Fogo de Chao, Inc is a United States-based holding company. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Company owns 100% of Brasa (Purchaser) Inc (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc (Brasa Holdings).
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