TheStreet downgraded Fogo De Chao Inc (NASDAQ:FOGO) to Sell in a report released today.
- Updated: September 15, 2016
TheStreet has downgraded Fogo De Chao Inc(NASDAQ:FOGO) to Sell in a statement released on 9/14/2016.
Yesterday Fogo De Chao Inc (NASDAQ:FOGO) traded 1.10% higher at $11.93. Fogo De Chao Inc’s 50-day moving average is $12.82 and its two hundred day moving average is $14.37. With the last close down 16.97% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. Trade volume was was down over the average, with 19,427 shares of FOGO changing hands under the typical 47,080 shares..
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Fogo De Chao Inc has a P/E of 11 with a 52 week low of $11.78 and a one-year high of $18.90 and has a total market value of $0.0.
Also covering Fogo De Chao Inc’s price target, a total of 6 analysts have issued a report on the company. The 12-month target stock price is $18.00 with two analysts rating the company a strong buy, two analysts rating the company a buy, three firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the stock as sell.
More About Fogo De Chao Inc (NASDAQ:FOGO)
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, and with seating from 200 to 500 guests.
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