Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have earned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.05.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Arcos Dorados in a research report on Friday, July 2nd. They set a “buy” rating and a $8.50 price target on the stock. Zacks Investment Research cut Arcos Dorados from a “hold” rating to a “sell” rating in a research report on Monday, September 20th. Finally, Bank of America cut Arcos Dorados from a “buy” rating to a “neutral” rating in a research report on Monday, September 20th.
A number of institutional investors have recently modified their holdings of ARCO. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Arcos Dorados by 771.4% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,100 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 5,400 shares in the last quarter. Pinnacle Holdings LLC lifted its stake in Arcos Dorados by 47.0% in the 1st quarter. Pinnacle Holdings LLC now owns 12,403 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 3,967 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Arcos Dorados during the 2nd quarter valued at approximately $67,000. Citadel Advisors LLC raised its position in shares of Arcos Dorados by 617.7% during the 2nd quarter. Citadel Advisors LLC now owns 11,213 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 13,379 shares during the period. Finally, Capital Asset Advisory Services LLC increased its holdings in Arcos Dorados by 14.9% in the 1st quarter. Capital Asset Advisory Services LLC now owns 13,445 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 1,746 shares during the last quarter. 35.16% of the stock is currently owned by hedge funds and other institutional investors.
Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Tuesday, August 10th. The restaurant operator reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $591.28 million for the quarter, compared to the consensus estimate of $559.22 million. Arcos Dorados had a negative return on equity of 17.51% and a negative net margin of 1.38%.
The business also recently declared a dividend, which was paid on Friday, July 23rd. Investors of record on Wednesday, July 14th were paid a $0.1086 dividend. This represents a yield of 1.82%. The ex-dividend date was Tuesday, July 13th. Arcos Dorados’s dividend payout ratio is presently -4.17%.
About Arcos Dorados
Arcos Dorados Holdings, Inc engages in the operation of restaurants. The firm operates and franchises McDonald’s restaurants in the food services industry through its subsidiaries. It operates through the following geographical segments: Brazil, Caribbean Division, North Latin America division (NOLAD), and South Latin America division (SLAD).
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