Analysts Set Arcos Dorados Holdings Inc. (ARCO) Target Price at $9.00
Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.00.
ARCO has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Bank of America Corporation raised shares of Arcos Dorados Holdings from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $10.00 in a report on Tuesday, April 11th. BidaskClub downgraded shares of Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, ValuEngine raised shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd.
A number of large investors have recently made changes to their positions in the company. KCG Holdings Inc. boosted its stake in shares of Arcos Dorados Holdings by 27.7% in the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock valued at $265,000 after buying an additional 7,134 shares in the last quarter. Stifel Financial Corp boosted its position in Arcos Dorados Holdings by 14.2% in the first quarter. Stifel Financial Corp now owns 76,435 shares of the restaurant operator’s stock worth $616,000 after buying an additional 9,499 shares during the period. Eqis Capital Management Inc. boosted its position in Arcos Dorados Holdings by 32.7% in the first quarter. Eqis Capital Management Inc. now owns 51,061 shares of the restaurant operator’s stock worth $411,000 after buying an additional 12,577 shares during the period. Engineers Gate Manager LP boosted its position in Arcos Dorados Holdings by 37.3% in the first quarter. Engineers Gate Manager LP now owns 56,986 shares of the restaurant operator’s stock worth $459,000 after buying an additional 15,487 shares during the period. Finally, Koch Industries Inc. purchased a new position in Arcos Dorados Holdings during the first quarter worth $130,000. Institutional investors own 40.57% of the company’s stock.
Arcos Dorados Holdings (NYSE ARCO) opened at 8.20 on Tuesday. The firm has a market cap of $1.73 billion, a P/E ratio of 17.08 and a beta of 2.12. Arcos Dorados Holdings has a 1-year low of $4.56 and a 1-year high of $9.53. The stock has a 50 day moving average price of $8.38 and a 200-day moving average price of $7.16.
Arcos Dorados Holdings (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.15. Arcos Dorados Holdings had a net margin of 3.39% and a return on equity of 28.58%. The business had revenue of $781.48 million for the quarter. Equities research analysts forecast that Arcos Dorados Holdings will post $0.44 EPS for the current year.
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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