Published On: Mon, Jun 19th, 2017

Broker Changes For Fogo De Chao, Inc. (NASDAQ:FOGO)


Recently stock market analysts have updated their consensus ratings on shares of Fogo de Chao, Inc. (NASDAQ:FOGO).

Most recent broker ratings

05/04/2017 – Fogo de Chao, Inc. was upgraded to “buy” by analysts at Canaccord Genuity. They now have a USD 20 price target on the stock.

03/15/2017 – Fogo de Chao, Inc. had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 17 price target on the stock.

03/15/2017 – Fogo de Chao, Inc. had its “outperform” rating reiterated by analysts at Wells Fargo. They now have a USD 15.5 price target on the stock.

03/15/2017 – Fogo de Chao, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 15 price target on the stock.

08/10/2016 – Fogo de Chao, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 16 price target on the stock.

05/24/2016 – Fogo de Chao, Inc. was downgraded to “neutral” by analysts at Macquarie.

05/17/2016 – Fogo de Chao, Inc. was downgraded to “neutral” by analysts at JP Morgan. They now have a USD 16 price target on the stock.

10/09/2015 – Fogo de Chao, Inc. had its “neutral” rating reiterated by analysts at Credit Suisse. They now have a USD 20 price target on the stock.

Fogo de Chao, Inc. has a 50 day moving average of 14.52 and a 200 day moving average of 14.60. The stock’s market capitalization is 392.15M, it has a 52-week low of 10.50 and a 52-week high of 17.05.

The share price of the company (NASDAQ:FOGO) was up +0.36% during the last trading session, with a high of 13.90 and the volume of Fogo de Chao, Inc. shares traded was 111806.

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). The Company operates through two segments: United States and Brazil. It specializes in fire-roasting meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. The Company offers its guests a tasting menu of meats featuring up to 20 cuts, simply seasoned and fire-roasted to expose their natural flavors. The Company operates approximately 26 restaurants in the United States, 10 in Brazil and one in Mexico. The Company operates a range of restaurant formats, including in-line and free-standing locations. Its restaurants range in size from approximately 7,000 to 16,000 square feet, with seating from 200 to 500 guests.