Fogo De Chao Receives a Hold from Canaccord Genuity

By Jason Carr

Canaccord Genuity analyst Lynne Collier reiterated a Hold rating on Fogo De Chao (NASDAQ: FOGO) today and set a price target of $14. The company’s shares opened today at $14.10.

According to TipRanks.com, Collier is a 5-star analyst with an average return of 11.2% and a 74.0% success rate. Collier covers the Services sector, focusing on stocks such as Brinker International, Thomson Reuters Corp, and Buffalo Wild Wings.

Fogo De Chao has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

Fogo De Chao’s market cap is currently $372.7M and has a P/E ratio of 12.86. The company has a book value ratio of 1.3164.

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Fogo de Chão, Inc. provides fire-roasting meats by utilizing the Southern Brazilian cooking technique of churrasco. It offers a wide variety of Brazilian-inspired side dishes, fresh-cut vegetables, seasonal salads, aged cheeses and cured meats. Its dining experience is based on the centuries-old gaucho tradition known as churrasco, the gaucho way of roasting meats over open pits of fire. The company was founded in 1997 and is headquartered in Dallas, TX.