HSBC Holdings PLC started coverage on shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating and a $12.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on ARCO. BidaskClub cut shares of Arcos Dorados Holdings from a strong-buy rating to a buy rating in a research report on Wednesday. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a neutral rating to a buy rating and boosted their price target for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Arcos Dorados Holdings from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Arcos Dorados Holdings has a consensus rating of Buy and an average price target of $11.15.

Shares of Arcos Dorados Holdings (NYSE ARCO) traded up $0.25 on Wednesday, reaching $9.95. 525,400 shares of the company traded hands, compared to its average volume of 625,698. Arcos Dorados Holdings has a 12 month low of $5.25 and a 12 month high of $10.80. The company has a market capitalization of $2,047.40, a PE ratio of 25.53, a PEG ratio of 1.90 and a beta of 2.07. 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 and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position 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 worth $180,000 after purchasing an additional 570 shares during the last quarter. Moors & Cabot Inc. increased its position in Arcos Dorados Holdings by 4.9% during the second quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 1,000 shares during the last quarter. Engineers Gate Manager LP increased its position in Arcos Dorados Holdings by 8.3% during the second quarter. Engineers Gate Manager LP now owns 61,724 shares of the restaurant operator’s stock valued at $460,000 after acquiring an additional 4,738 shares during the last quarter. Royal Bank of Canada increased its position in Arcos Dorados Holdings by 5.2% during the second quarter. Royal Bank of Canada now owns 107,989 shares of the restaurant operator’s stock valued at $804,000 after acquiring an additional 5,360 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in Arcos Dorados Holdings by 27.7% during the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock valued at $265,000 after acquiring an additional 7,134 shares during the last quarter. Institutional investors own 37.08% 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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