Arcos Dorados Holdings Inc. (NYSE:ARCO) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Monday. The firm currently has a $10.60 price target on the restaurant operator’s stock, up from their prior price target of $10.10. Citigroup Inc.’s price target indicates a potential upside of 22.54% from the stock’s previous close.

ARCO has been the subject of a number of other research reports. Zacks Investment Research raised shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Friday, June 16th. ValuEngine downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Arcos Dorados Holdings presently has an average rating of “Buy” and an average target price of $9.28.

Arcos Dorados Holdings (NYSE ARCO) opened at 8.65 on Monday. The company has a market cap of $1.83 billion, a P/E ratio of 33.27 and a beta of 2.16. Arcos Dorados Holdings has a 12 month low of $4.56 and a 12 month high of $9.52. The firm has a 50-day moving average price of $8.67 and a 200 day moving average price of $7.95.

Arcos Dorados Holdings (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.12. Arcos Dorados Holdings had a net margin of 1.76% and a return on equity of 14.68%. The company had revenue of $798.70 million for the quarter. On average, equities analysts expect that Arcos Dorados Holdings will post $0.42 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of ARCO. Stevens Capital Management LP acquired a new stake in Arcos Dorados Holdings during the second quarter worth about $107,000. Koch Industries Inc. acquired a new stake in Arcos Dorados Holdings during the first quarter worth about $130,000. Moors & Cabot Inc. increased 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 worth $159,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased 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 worth $180,000 after buying an additional 570 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in Arcos Dorados Holdings during the first quarter worth about $201,000. 36.65% of the stock is 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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