Arcos Dorados Holdings Inc. (ARCO) Given Consensus Recommendation of “Buy” by Brokerages
Arcos Dorados Holdings Inc. (NYSE:ARCO) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.53.
A number of research firms recently weighed in on ARCO. Citigroup Inc. raised Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.10 to $10.60 in a report on Monday. BidaskClub cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. ValuEngine cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 9th.
Arcos Dorados Holdings (NYSE:ARCO) traded down 0.56% on Tuesday, reaching $8.80. The company’s stock had a trading volume of 382,366 shares. Arcos Dorados Holdings has a one year low of $4.56 and a one year high of $9.52. The stock has a market cap of $1.86 billion, a P/E ratio of 33.85 and a beta of 2.16. The stock has a 50-day moving average of $8.67 and a 200-day moving average of $7.95.
Arcos Dorados Holdings (NYSE:ARCO) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.12. The business had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. On average, analysts predict that Arcos Dorados Holdings will post $0.42 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Stevens Capital Management LP purchased a new stake in Arcos Dorados Holdings during the second quarter valued at approximately $107,000. Koch Industries Inc. purchased a new stake in Arcos Dorados Holdings during the first quarter valued at approximately $130,000. Moors & Cabot Inc. raised its stake in Arcos Dorados Holdings by 4.9% in the second quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN raised its stake in Arcos Dorados Holdings by 2.4% in the second quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock valued at $180,000 after buying an additional 570 shares during the period. Finally, FNY Partners Fund LP purchased a new stake in Arcos Dorados Holdings during the first quarter valued at approximately $201,000. Institutional investors own 36.65% of the company’s stock.
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Arcos Dorados Holdings Company Profile
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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