Citadel Advisors LLC lessened its stake in shares of Fogo De Chao Inc (NASDAQ:FOGO) by 50.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,400 shares of the restaurant operator’s stock after selling 59,400 shares during the quarter. Citadel Advisors LLC owned about 0.21% of Fogo De Chao worth $737,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new position in shares of Fogo De Chao during the 2nd quarter worth about $258,000. ClariVest Asset Management LLC bought a new position in shares of Fogo De Chao during the 2nd quarter worth about $426,000. Boston Partners boosted its position in shares of Fogo De Chao by 10.8% during the 3rd quarter. Boston Partners now owns 180,020 shares of the restaurant operator’s stock worth $2,232,000 after purchasing an additional 17,560 shares in the last quarter. Archon Capital Management LLC boosted its position in shares of Fogo De Chao by 45.7% during the 2nd quarter. Archon Capital Management LLC now owns 376,660 shares of the restaurant operator’s stock worth $5,236,000 after purchasing an additional 118,181 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in shares of Fogo De Chao by 92.1% during the 3rd quarter. Westpac Banking Corp now owns 69,149 shares of the restaurant operator’s stock worth $857,000 after purchasing an additional 33,149 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors.
Fogo De Chao Inc (NASDAQ:FOGO) traded up $0.10 on Tuesday, hitting $11.70. 41,381 shares of the company were exchanged, compared to its average volume of 49,300. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.46. Fogo De Chao Inc has a 12 month low of $10.30 and a 12 month high of $17.05. The firm has a market cap of $327.73, a price-to-earnings ratio of 16.25, a PEG ratio of 1.02 and a beta of 0.38.
Fogo De Chao (NASDAQ:FOGO) last posted its earnings results on Tuesday, November 7th. The restaurant operator reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.40 million. Fogo De Chao had a net margin of 6.76% and a return on equity of 7.36%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. sell-side analysts predict that Fogo De Chao Inc will post 0.77 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on FOGO shares. Jefferies Group reissued a “buy” rating and set a $14.00 price objective on shares of Fogo De Chao in a research report on Friday, December 22nd. Canaccord Genuity cut their price objective on shares of Fogo De Chao from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Fogo De Chao from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet lowered shares of Fogo De Chao from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Fogo De Chao from a “sell” rating to a “hold” rating in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Fogo De Chao has an average rating of “Hold” and a consensus target price of $14.17.
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About Fogo De Chao
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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