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Zacks Investment Research upgraded Fogo De Chao Inc (NASDAQ:FOGO) to Hold in a report released today.

Yesterday Fogo De Chao Inc (NASDAQ:FOGO) traded 2.42% higher at $11.12. The company’s 50-day moving average is $11.59 and its 200-day moving average is $13.69. The last stock close price is down -16.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 33,098 shares of the stock were exchanged, down from an average trading volume of 55,612

Zacks Investment Research has upgraded Fogo De Chao Inc (NASDAQ:FOGO) to Hold in a report released on Tuesday October 11, 2016.

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Fogo De Chao Inc (NASDAQ:FOGO)

Fogo De Chao Inc has a 52 week low of $10.50 and a 52 week high of $17.89 with a P/E ratio of 10.08 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 6 firms have issued a report on the stock. The consensus target price is $18.00 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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, with seating from 200 to 500 guests.

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