Fogo de Chao (FOGO) in Focus: Stock Rises 6.1% in Session
Fogo de Chao, Inc. FOGO was a big mover last session, as the company saw its shares rise more than 6% on the day. The stock moved up after the company reported encouraging fourth quarter 2015 results. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $14.48 to $16.42 in the past one-month time frame, showed a pick-up yesterday at $15.36.
None of the estimates for this restaurant industry stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for Fogo de Chao. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Fogo de Chao has a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Carrols Restaurant Group, Inc. TAST, sporting a Zacks Rank #1 (Strong Buy).
Is FOGO going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CARROLS RESTRNT (TAST): Free Stock Analysis Report
FOGO DE CHAO (FOGO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
