Fogo de Chao (FOGO): Too Cheap To Downgrade - Jefferies

August 10, 2016 9:01 AM EDT
Get Alerts FOGO Hot Sheet
Price: $14.20 -2.07%

Rating Summary:
    3 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Jefferies analyst, Andy Barish, reiterated his Buy rating on shares of Fogo de Chao (NASDAQ: FOGO) even though the company missed 2Q estimates on all key metrics with negative SSS and EPS at $0.22, below cons of $0.25. The high-end steak category is also feeling the same competitive pressures seen across the entire industry.. The company guided '16 guided lower and the analyst is following suit taking '16/'17 EPS to $0.85/1.00 (from $0.94/1.10).

However, the stock trades at such a low valuation, he is maintaining his Buy ratting along with the price target of $18, down from $20.

For an analyst ratings summary and ratings history on Fogo de Chao click here. For more ratings news on Fogo de Chao click here.

Shares of Fogo de Chao closed at $14.11 yesterday.

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