Fogo de Chao Company Profile (NASDAQ:FOGO)

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

Fogo de Chao, Inc. (NASDAQ:FOGO) posted its earnings results on Monday, May, 8th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $76.40 million for the quarter, compared to analysts' expectations of $75.06 million. Fogo de Chao had a return on equity of 8.32% and a net margin of 7.92%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. View Fogo de Chao's Earnings History.

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

6 brokers have issued 1-year price objectives for Fogo de Chao's shares. Their forecasts range from $15.00 to $20.00. On average, they expect Fogo de Chao's stock price to reach $16.42 in the next year. View Analyst Ratings for Fogo de Chao.

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. " (7/12/2017)
• 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 & Company 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)

Some companies that are related to Fogo de Chao include Tile Shop Holdings (TTS), PC Connection (CNXN), Lumber Liquidators Holdings (LL), Conn's (CONN), DEBENHAMS ADR (DBHSY), Abercrombie & Fitch Company (ANF), Ruth's Hospitality Group (RUTH), 1-800 FLOWERS.COM (FLWS), Genesco (GCO), GNC Holdings (GNC), Ingles Markets, Incorporated (IMKTA), Movado Group (MOV), The Finish Line (FINL), Bojangles' (BOJA), Nautilus Group, Inc. (The) (NLS), Fossil Group (FOSL), Farmer Brothers Company (FARM) and Barnes & Noble (BKS).

Fogo de Chao's management team includes the folowing people:

• George Barry McGowan, President
• Lawrence J Johnson, Chief Executive Officer, Director
• Anthony D. Laday, Chief Financial Officer
• Eulila Selma Oliveira, Chief Operating Officer
• Stacy A. Murray, Principal Accounting Officer, Vice President - Accounting, Controller
• Albert G McGrath Jr., General Counsel
• Todd M. Abbrecht, Director
• Douglas R. Pendergast, Director
• Jeff T Swenson, Director
• Gerald W. Deitchle, Independent Director

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

Fogo de Chao's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Thomson Horstmann & Bryant Inc. (1.84%). Company insiders that own Fogo de Chao stock include H Lee Equity Fund Vi Thomas, Todd M Abbrecht and Tony Laday. View Institutional Ownership Trends for Fogo de Chao.

Fogo de Chao's stock was bought by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc.. View Insider Buying and Selling for Fogo de Chao.

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.

One share of Fogo de Chao stock can currently be purchased for approximately $13.30.