HSBC Holdings PLC assumed coverage on shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in a research note released on Wednesday morning. The brokerage issued a buy rating and a $12.00 price objective on the restaurant operator’s stock.

Several other analysts also recently issued reports on ARCO. BidaskClub raised Arcos Dorados Holdings from a buy rating to a strong-buy rating in a report on Tuesday, July 25th. Citigroup Inc. raised 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 report on Monday, August 28th. Finally, Zacks Investment Research raised Arcos Dorados Holdings from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Friday, November 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $11.15.

Shares of Arcos Dorados Holdings (NYSE ARCO) opened at $10.10 on Wednesday. The stock has a market capitalization of $2,131.83, a P/E ratio of 26.58, a P/E/G ratio of 1.98 and a beta of 2.07. Arcos Dorados Holdings has a 1-year low of $5.25 and a 1-year high of $10.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.89.

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A number of institutional investors have recently made changes to their positions in ARCO. Neuberger Berman Group LLC bought a new stake in Arcos Dorados Holdings during the 3rd quarter valued at $103,000. Virtu Financial LLC bought a new stake in Arcos Dorados Holdings during the 3rd quarter valued at $105,000. Stevens Capital Management LP bought a new stake in Arcos Dorados Holdings during the 2nd quarter valued at $107,000. Stratos Wealth Partners LTD. bought a new stake in Arcos Dorados Holdings during the 3rd quarter valued at $110,000. Finally, Janney Montgomery Scott LLC bought a new stake in Arcos Dorados Holdings during the 3rd quarter valued at $125,000. 37.08% of the stock is currently owned by hedge funds and other institutional investors.

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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