Media stories about Fogo De Chao (NASDAQ:FOGO) have trended positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fogo De Chao earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.013505485232 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- PE Firm Rhône Completes $560M Buy Of Fogo De Chão (law360.com)
- Rhône Completes Acquisition of Fogo de Chão, Inc. (finance.yahoo.com)
- Review: Fogo de Chao in DIFC (whatson.ae)
- Fogo De Chao (FOGO) Upgraded to Buy by ValuEngine (americanbankingnews.com)
- 6 brand new ladies’ nights to try in Dubai (whatson.ae)
NASDAQ:FOGO opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 1.28. The company has a market cap of $447.01, a P/E ratio of 19.21, a P/E/G ratio of 1.28 and a beta of 0.15. Fogo De Chao has a fifty-two week low of $10.30 and a fifty-two week high of $17.05.
A number of equities analysts recently weighed in on FOGO shares. Zacks Investment Research raised shares of Fogo De Chao from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Canaccord Genuity cut shares of Fogo De Chao from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Piper Jaffray cut shares of Fogo De Chao from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $15.75 price objective (up previously from $14.00) on shares of Fogo De Chao in a research report on Tuesday, February 27th. Finally, BidaskClub cut shares of Fogo De Chao from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.69.
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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).
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