Reaffirmed: Fogo De Chao (NASDAQ:FOGO) Buy Rating Reconfirmed by Jefferies; $14.0 Target in Place

April 17, 2018 - By Louis Casey

Fogo de Chão, Inc. (NASDAQ:FOGO) Logo

Fogo De Chao (NASDAQ:FOGO) Rating Reaffirmed

Fogo De Chao (NASDAQ:FOGO) just had their share rating of a ‘Buy’ issued by research analysts at Jefferies, who now has a $14.0 PT on the $447.01 million market cap company or a -11.11 % downside potential. This key information was revealed to clients and investors in a report on Friday morning.

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 company was maintained on Wednesday, October 18 by Canaccord Genuity. The company was maintained on Friday, December 22 by Jefferies. The stock of Fogo de Chão, Inc. (NASDAQ:FOGO) earned “Buy” rating by Canaccord Genuity on Friday, January 5. The firm has “Buy” rating by Canaccord Genuity given on Thursday, January 11. The stock of Fogo de Chão, Inc. (NASDAQ:FOGO) earned “Hold” rating by Piper Jaffray on Tuesday, February 20. On Wednesday, February 21 the stock rating was downgraded by Wells Fargo to “Market Perform”. On Wednesday, November 8 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Fogo de Chão, Inc. (NASDAQ:FOGO) earned “Hold” rating by Canaccord Genuity on Wednesday, February 21. Credit Suisse maintained the shares of FOGO in report on Thursday, November 9 with “Neutral” rating. Jefferies maintained Fogo de Chão, Inc. (NASDAQ:FOGO) rating on Wednesday, October 18. Jefferies has “Buy” rating and $15.0 target.

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 $5.68M 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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