Media stories about Fogo de Chao (NASDAQ:FOGO) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fogo de Chao earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 47.2762527570457 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
FOGO has been the topic of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 price target on shares of Fogo de Chao in a research note on Thursday, August 10th. ValuEngine raised shares of Fogo de Chao from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Fogo de Chao from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, BidaskClub raised shares of Fogo de Chao from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.70.
Shares of Fogo de Chao (NASDAQ FOGO) traded down 1.61% during mid-day trading on Thursday, hitting $12.25. 31,281 shares of the stock were exchanged. The stock has a market capitalization of $345.88 million, a P/E ratio of 15.51 and a beta of 0.37. The stock’s 50 day moving average price is $12.38 and its 200-day moving average price is $12.38. Fogo de Chao has a 12-month low of $10.70 and a 12-month high of $17.05.
Fogo de Chao (NASDAQ:FOGO) last announced its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $77.80 million for the quarter, compared to analyst estimates of $77.46 million. Fogo de Chao had a return on equity of 8.08% and a net margin of 7.40%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. On average, equities research analysts expect that Fogo de Chao will post $0.91 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.thestockobserver.com/2017/10/12/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-fogo-de-chao-fogo-share-price.html.
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).
Receive News & Ratings for Fogo de Chao Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fogo de Chao Inc. and related companies with MarketBeat.com's FREE daily email newsletter.