Arcos Dorados Holdings Inc. (NYSE:ARCO) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Citigroup Inc. raised shares of Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.10 to $10.60 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $9.28.

Shares of Arcos Dorados Holdings (NYSE ARCO) opened at 8.60 on Friday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 33.08 and a beta of 2.16. The firm has a 50-day moving average of $8.77 and a 200-day moving average of $8.02. Arcos Dorados Holdings has a one year low of $4.56 and a one year high of $9.52.

Arcos Dorados Holdings (NYSE:ARCO) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.12. Arcos Dorados Holdings had a net margin of 1.76% and a return on equity of 14.68%. The firm had revenue of $798.70 million during the quarter. Equities research analysts forecast that Arcos Dorados Holdings will post $0.39 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Arcos Dorados Holdings by 30.0% in the second quarter. Teachers Advisors LLC now owns 10,684,536 shares of the restaurant operator’s stock valued at $79,600,000 after buying an additional 2,465,110 shares during the last quarter. Morgan Stanley boosted its position in shares of Arcos Dorados Holdings by 7.7% in the first quarter. Morgan Stanley now owns 6,367,926 shares of the restaurant operator’s stock valued at $51,263,000 after buying an additional 453,142 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Arcos Dorados Holdings by 38.9% in the second quarter. Acadian Asset Management LLC now owns 4,800,113 shares of the restaurant operator’s stock valued at $35,761,000 after buying an additional 1,344,088 shares during the last quarter. Kora Management LP boosted its position in shares of Arcos Dorados Holdings by 46.8% in the first quarter. Kora Management LP now owns 2,196,643 shares of the restaurant operator’s stock valued at $17,683,000 after buying an additional 700,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Arcos Dorados Holdings by 20.4% in the first quarter. Parametric Portfolio Associates LLC now owns 2,021,293 shares of the restaurant operator’s stock valued at $16,271,000 after buying an additional 342,567 shares during the last quarter. Institutional investors own 36.65% of the company’s stock.

About Arcos Dorados Holdings

Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

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