Fogo De Chao Company Profile (NASDAQ:FOGO)

About Fogo De Chao (NASDAQ:FOGO)

Fogo De Chao logoFogo 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.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Restaurants
  • Sub-Industry: N/A
  • Symbol: NASDAQ:FOGO
  • CUSIP: N/A
  • Web: www.fogodechao.com
Capitalization:
  • Market Cap: $382.27 million
  • Outstanding Shares: 28,212,000
Average Prices:
  • 50 Day Moving Avg: $15.47
  • 200 Day Moving Avg: $14.55
  • 52 Week Range: $10.50 - $17.05
P/E:
  • Trailing P/E Ratio: 16.73
  • Foreward P/E Ratio: 13.42
  • P/E Growth: 1.47
Sales & Book Value:
  • Annual Revenue: $295.79 million
  • Price / Sales: 1.29
  • Book Value: $10.64 per share
  • Price / Book: 1.27
Profitability:
  • EBIDTA: $53.37 million
  • Net Margins: 10.39%
  • Return on Equity: 9.35%
  • Return on Assets: 5.10%
Debt:
  • Debt-to-Equity Ratio: 0.54%
  • Current Ratio: 1.64%
  • Quick Ratio: 1.49%
Misc:
  • Average Volume: 95,790 shs.
  • Beta: 0.44
  • Short Ratio: 7.45
 

Frequently Asked Questions for Fogo De Chao (NASDAQ:FOGO)

What is Fogo De Chao's stock symbol?

Fogo De Chao trades on the NASDAQ under the ticker symbol "FOGO."

How were Fogo De Chao's earnings last quarter?

Fogo De Chao Inc (NASDAQ:FOGO) issued its quarterly earnings data on Monday, May, 8th. The company reported $0.18 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.18. The firm earned $76.40 million during the quarter, compared to analyst estimates of $75.06 million. Fogo De Chao had a return on equity of 9.35% and a net margin of 10.39%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. View Fogo De Chao's Earnings History.

What guidance has Fogo De Chao issued on next quarter's earnings?

Fogo De Chao updated its FY17 earnings guidance on Monday, May, 8th. The company provided EPS guidance of $0.92-0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.91. The company issued revenue guidance of $315-320 million, compared to the consensus revenue estimate of $317.97 million.

Where is Fogo De Chao's stock going? Where will Fogo De Chao's stock price be in 2017?

6 analysts have issued 1-year price targets for Fogo De Chao's shares. Their predictions range from $15.00 to $20.00. On average, they expect Fogo De Chao's stock price to reach $16.42 in the next twelve months. View Analyst Ratings for Fogo De Chao.

What are analysts saying about Fogo De Chao stock?

Here are some recent quotes from research analysts about Fogo De Chao stock:

  • 1. According to Zacks Investment Research, "Fogo De Chao, Inc. owns and operates Brazilian steakhouses. It offers beef, lamb, chicken, pork and seafood items as well as liquor, beer and wine. The company operates primarily in the United States, Puerto Rico and Brazil. Fogo De Chao, Inc. is headquartered in Dallas, Texas. " (5/16/2017)
  • 2. Canaccord Genuity analysts commented, "We are forecasting that SSS for U.S. stores remain in positive territory for the remainder of ’17 given the company’s current slate of sales initiatives (Saturday day-part expansion + new menu items) and bar remodel program. While margins were pressured in Q1 by the launch of these initiatives, we expect this cost headwind to abate beginning in Q2. We are reiterating our BUY rating and $20 target price, which reflects upside potential of +20% from current levels and is based on a multiple of ~10x our FY18 EBITDA estimate of $68.2 million. Key takeaways U.S. comps once again exceed expectations: FOGO reported a U.S. comp of +0.9%, above the Street of -1.0% and our recently increased estimate of flat. Driven by momentum from various sales initiatives (day-part expansion, price optionality and value). Traffic in the U.S. increased +0.8%, exceeding the Knapp-Track High-end Steakhouse and Blackbox Intelligence Upscale benchmarks by 370 and 400 bps, respectively." (5/4/2017)
  • 3. Jefferies Group LLC analysts commented, "4Q EPS of $0.28 beat by $0.01 on system SSS of -2.0% vs. Jef/Cons. of -6.6%/-4.8% with US traffic benefiting from increased brand awareness through traffic driving initiatives around expanded daypart and value offerings and Brazil potentially nearing an inflection. '17 guide of flat SSS and $0.94 EPS at the midpoint vs. Cons. of -1.3%/$0.92 could be conservative. Maintain Buy and $17 PT." (3/15/2017)
  • 4. Wells Fargo & Co analysts commented, "We expect 4Q16 same-store sales (SSS) and EPS upside coupled with an in-line (and likely conservative) guide for 2017, to push shares closer to peer average valuation (8.7x 2018E EBITDA vs. FOGO's 7.4x) in the near term, in our view. FOGO reported 4Q EPS of $0.28, just above the $0.27 Street estimate, with the upside largely driven by stronger-than-expected U.S. SSS of down 1%, which easily outpaced the -5.9% Street estimate. With consumer uncertainty abound, we remain constructive on FOGO given our expectation for the return of system SSS growth in the back-half of 2017, an improved currency backdrop and continued mid-teens unit growth supported by almost 40% cash-on-cash returns at new stores. We're raising our 2017E EPS to $0.92 (at the low-end of the $0.92-$0.95 guidance range) from $0.90 and our valuation range to $15-$16 from $12.75-$13.75 as we roll forward to 2018 estimates." (3/15/2017)
  • 5. Deutsche Bank AG analysts commented, "Fogo de Chao's release its fourth quarter results, which included EPS that was ~1c ahead of our estimate on a blended SSS decline of 2% (consisting of US SSS that were better than our forecast at -1% vs. DBe -2% and a -6.9% Brazilian comps). Restaurant-level margins compressed by ~110bps more than our model, as ongoing inefficiencies from new units and to a lesser degree SSS deleverage continued to weigh on result. In addition, FOGO introduced 2017 line-item guidance which were highlighted by top-line growth of ~+9-11% (including largely flattish comps and new units) and restaurant-level margins that may decline by an additional ~60-100bps." (3/15/2017)

Who are some of Fogo De Chao's key competitors?

When did Fogo De Chao IPO?

(FOGO) raised $75 million in an IPO on Friday, June 19th 2015. The company issued 4,400,000 shares at a price of $16.00-$18.00 per share. Jefferies and J.P. Morgan served as the underwriters for the IPO and Credit Suisse, Deutsche Bank Securities, Piper Jaffray, Wells Fargo Securities and Macquarie Capital were co-managers.

Who owns Fogo De Chao stock?

Fogo De Chao's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Lee Thomas H Partners LP (78.69%), TIAA CREF Investment Management LLC (1.84%), Vanguard Group Inc. (0.78%), River & Mercantile Asset Management LLP (0.72%), Thomson Horstmann & Bryant Inc. (0.34%) and Bank of New York Mellon Corp (0.18%). Company insiders that own Fogo De Chao stock include Eulila Selma Oliveira, George Barry Mcgowan, Jandir Dalberto, Neil Moses, Todd M Abbrecht and Tony Laday. View Institutional Ownership Trends for Fogo De Chao.

Who sold Fogo De Chao stock? Who is selling Fogo De Chao stock?

Fogo De Chao's stock was sold by a variety of institutional investors in the last quarter, including Spark Investment Management LLC, Morgan Stanley and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Fogo De Chao.

Who bought Fogo De Chao stock? Who is buying Fogo De Chao stock?

Fogo De Chao's stock was acquired by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Oxford Asset Management, River & Mercantile Asset Management LLP, Vanguard Group Inc., Geode Capital Management LLC and Bank of New York Mellon Corp. Company insiders that have bought Fogo De Chao stock in the last two years include Eulila Selma Oliveira, George Barry Mcgowan, Jandir Dalberto, Neil Moses and Tony Laday. View Insider Buying and Selling for Fogo De Chao.

How do I buy Fogo De Chao stock?

Shares of Fogo De Chao can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Fogo De Chao stock cost?

One share of Fogo De Chao stock can currently be purchased for approximately $13.55.

Analyst Ratings

Consensus Ratings for Fogo De Chao (NASDAQ:FOGO) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $16.42 (21.16% upside)

Analysts' Ratings History for Fogo De Chao (NASDAQ:FOGO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017Canaccord GenuityUpgradeHold -> Buy$16.00 -> $20.00HighView Rating Details
3/15/2017Jefferies Group LLCReiterated RatingBuy$17.00HighView Rating Details
3/15/2017Wells Fargo & CoBoost Price TargetIn-Line$13.25 -> $15.50HighView Rating Details
3/15/2017Deutsche Bank AGBoost Price TargetHold$14.50 -> $15.00HighView Rating Details
9/28/2016JPMorgan Chase & Co.Reiterated RatingHold$15.00N/AView Rating Details
8/13/2016Piper Jaffray CompaniesReiterated RatingOverweight$18.00 -> $16.00N/AView Rating Details
5/24/2016MacquarieDowngradeOutperform -> NeutralN/AView Rating Details
11/4/2015Credit Suisse Group AGLower Price Target$20.00 -> $18.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Fogo De Chao (NASDAQ:FOGO)
Earnings by Quarter for Fogo De Chao (NASDAQ:FOGO)
Earnings History by Quarter for Fogo De Chao (NASDAQ:FOGO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017$0.18$0.18$75.06 million$76.40 millionViewListenView Earnings Details
3/14/2017Q4 2016$0.27$0.28$77.06 million$80.90 millionViewN/AView Earnings Details
11/7/2016Q3$0.15$0.16$65.80 million$69.00 millionViewListenView Earnings Details
8/9/2016Q216$0.25$0.22$73.31 million$69.60 millionViewListenView Earnings Details
5/10/2016Q1$0.23$0.21$71.86 million$68.90 millionViewListenView Earnings Details
3/15/2016Q415$0.28$0.29$76.80 million$77.50 millionViewListenView Earnings Details
11/3/2015Q315$0.18$0.18$61.13 million$61.00 millionViewListenView Earnings Details
8/11/2015Q215$0.09$0.16$65.26 million$68.20 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fogo De Chao (NASDAQ:FOGO)
2017 EPS Consensus Estimate: $0.93
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.20$0.20$0.20
Q2 20171$0.22$0.22$0.22
Q3 20171$0.18$0.18$0.18
Q4 20171$0.33$0.33$0.33
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Fogo De Chao (NASDAQ:FOGO)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Fogo De Chao (NASDAQ:FOGO)
Insider Ownership Percentage: 82.00%
Institutional Ownership Percentage: 91.20%
Insider Trades by Quarter for Fogo De Chao (NASDAQ:FOGO)
Institutional Ownership by Quarter for Fogo De Chao (NASDAQ:FOGO)
Insider Trades by Quarter for Fogo De Chao (NASDAQ:FOGO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Todd M AbbrechtDirectorSell4,500,000$14.00$63,000,000.00View SEC Filing  
9/30/2016Tony LadayCFOBuy1,000$10.62$10,620.00View SEC Filing  
6/24/2015Eulila Selma OliveiraCOOBuy2,640$20.00$52,800.00View SEC Filing  
6/24/2015George Barry McgowanPresidentBuy10,956$20.00$219,120.00View SEC Filing  
6/24/2015Jandir DalbertoInsiderBuy10,000$20.00$200,000.00View SEC Filing  
6/24/2015Neil MosesDirectorBuy5,300$20.00$106,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fogo De Chao (NASDAQ:FOGO)
Latest Headlines for Fogo De Chao (NASDAQ:FOGO)
Source:
DateHeadline
finance.yahoo.com logoTop Ranked Value Stocks to Buy for May 23rd
finance.yahoo.com - May 23 at 4:55 PM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Director Sells $63,000,000.00 in Stock
www.americanbankingnews.com - May 19 at 7:40 PM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 16 at 10:40 PM
finance.yahoo.com logoETFs with exposure to Fogo de Chão, Inc. : May 16, 2017
finance.yahoo.com - May 16 at 5:13 PM
finance.yahoo.com logoValuing Fogo de Chao Suddenly Becomes Foggy Proposition
finance.yahoo.com - May 15 at 4:54 PM
finance.yahoo.com logoFogo de Chão, Inc. :FOGO-US: Earnings Analysis: Q1, 2017 By the Numbers : May 15, 2017
finance.yahoo.com - May 15 at 4:54 PM
streetinsider.com logoFogo de Chao (FOGO) Prices 4.5M Share Secondary Offering at $14/Sh
www.streetinsider.com - May 12 at 10:53 PM
finance.yahoo.com logoFogo de Chão, Inc. – Value Analysis (NASDAQ:FOGO) : May 12, 2017
finance.yahoo.com - May 12 at 5:51 PM
reuters.com logoBRIEF-Fogo De Chão announces pricing of its secondary offering of common stock
www.reuters.com - May 12 at 3:56 AM
finance.yahoo.com logoFogo de Chão, Inc. Announces Pricing of Its Secondary Offering of Common Stock
finance.yahoo.com - May 11 at 10:55 PM
finance.yahoo.com logoFogo de Chão, Inc. breached its 50 day moving average in a Bearish Manner : FOGO-US : May 11, 2017
finance.yahoo.com - May 11 at 5:53 PM
finance.yahoo.com logoEdited Transcript of FOGO earnings conference call or presentation 8-May-17 9:00pm GMT
finance.yahoo.com - May 10 at 9:32 AM
News IconBRIEF-Fogo de Chão reports Q1 revenue $76.4 million
www.businessinsider.com - May 9 at 10:17 AM
reuters.com logoBRIEF-Fogo de Chao announced an underwritten public offering of 4,500,000 shares of common stock
www.reuters.com - May 9 at 10:17 AM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Releases Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - May 9 at 12:39 AM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Posts Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - May 9 at 12:16 AM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Releases FY17 Earnings Guidance
www.americanbankingnews.com - May 8 at 6:04 PM
marketbeat.com logoFogo de Chao meets 1Q profit forecasts
marketbeat.com - May 8 at 5:55 PM
finance.yahoo.com logoInvestor Network: Fogo de Chao, Inc. to Host Earnings Call
finance.yahoo.com - May 8 at 5:02 PM
finance.yahoo.com logoFogo de Chão, Inc. Announces Launch of Proposed Secondary Offering of Common Stock
finance.yahoo.com - May 8 at 5:02 PM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - May 8 at 4:54 PM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Upgraded at Canaccord Genuity
www.americanbankingnews.com - May 7 at 2:16 PM
finance.yahoo.com logoWhat to Expect from Fogo de Chao (FOGO) in Q1 Earnings?
finance.yahoo.com - May 4 at 12:21 PM
americanbankingnews.com logo$0.18 Earnings Per Share Expected for Fogo De Chao Inc (FOGO) This Quarter
www.americanbankingnews.com - May 4 at 1:37 AM
americanbankingnews.com logo$75.25 Million in Sales Expected for Fogo De Chao Inc (FOGO) This Quarter
www.americanbankingnews.com - May 4 at 1:36 AM
americanbankingnews.com logoFogo De Chao (FOGO) Receiving Positive News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 30 at 1:52 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Fogo De Chao Inc (FOGO) Will Announce Quarterly Sales of $75.25 Million
www.americanbankingnews.com - April 30 at 10:12 AM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Expected to Post Earnings of $0.18 Per Share
www.americanbankingnews.com - April 28 at 8:54 AM
americanbankingnews.com logoFogo De Chao (FOGO) Receives Media Impact Rating of -0.10
www.americanbankingnews.com - April 27 at 5:41 PM
finance.yahoo.com logoFogo de Chão, Inc. to Announce First Quarter 2017 Results on May 8, 2017
finance.yahoo.com - April 26 at 8:07 PM
americanbankingnews.com logoFogo De Chao (FOGO) Earns Coverage Optimism Rating of 0.31
www.americanbankingnews.com - April 23 at 6:36 PM
americanbankingnews.com logoFogo De Chao's (FOGO) "Hold" Rating Reiterated at Canaccord Genuity
www.americanbankingnews.com - April 22 at 7:11 AM
finance.yahoo.com logoETFs with exposure to Fogo de Chão, Inc. : April 21, 2017
finance.yahoo.com - April 21 at 5:16 PM
americanbankingnews.com logoFogo De Chao (FOGO) Earns Daily Media Impact Score of 0.05
www.americanbankingnews.com - April 20 at 7:00 PM
americanbankingnews.com logoFogo De Chao (FOGO) Getting Somewhat Critical Media Coverage, Report Shows
www.americanbankingnews.com - April 15 at 11:45 AM
americanbankingnews.com logoZacks: Brokerages Expect Fogo De Chao Inc (FOGO) Will Announce Quarterly Sales of $75.25 Million
www.americanbankingnews.com - April 8 at 8:18 AM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Short Interest Down 10.1% in March
www.americanbankingnews.com - April 7 at 8:01 PM
finance.yahoo.com logoETFs with exposure to Fogo de Chão, Inc. : April 5, 2017
finance.yahoo.com - April 7 at 9:51 AM
finance.yahoo.com logoFOGO DE CHAO, INC. Financials
finance.yahoo.com - March 21 at 5:24 PM
americanbankingnews.com logoCanaccord Genuity Reaffirms Hold Rating for Fogo De Chao Inc (FOGO)
www.americanbankingnews.com - March 21 at 11:54 AM
finance.yahoo.com logoFogo de Chão Completes Renovation of Flagship Beverly Hills Location
finance.yahoo.com - March 16 at 6:33 PM
benzinga.com logo7 Stocks To Watch For March 15, 2017 - Benzinga
www.benzinga.com - March 15 at 5:36 PM
biz.yahoo.com logoFOGO DE CHAO, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 15 at 5:36 PM
investorplace.com logo3 Stocks to Watch on Wednesday: Bank of America Corp (BAC), Arena Pharmaceuticals, Inc. (ARNA) and Fogo De Chao Inc (FOGO)
investorplace.com - March 15 at 9:13 AM
reuters.com logoBRIEF-Fogo De Chão Q4 adjusted earnings per share $0.28
www.reuters.com - March 14 at 9:35 PM
us.rd.yahoo.com logo4:08 pm Fogo de Chao beats by $0.01, beats on revs; guides FY17 EPS in-line, revs in-line
us.rd.yahoo.com - March 14 at 9:35 PM
biz.yahoo.com logoFogo De Chao Inc Earnings Call scheduled for 5:00 pm ET today
biz.yahoo.com - March 14 at 9:35 PM
cnbc.com logoAfter-hours buzz: FOGO, TWNK, DSW
www.cnbc.com - March 14 at 9:35 PM
americanbankingnews.com logoFogo De Chao Inc (FOGO) Issues Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - March 14 at 9:27 PM
us.rd.yahoo.com logoFogo de Chão, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results
us.rd.yahoo.com - March 14 at 4:34 PM

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Chart

Fogo De Chao (FOGO) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff