BidaskClub Upgrades Arcos Dorados Holdings Inc. (ARCO) to Strong-Buy
Arcos Dorados Holdings Inc. (NYSE:ARCO) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
Several other brokerages also recently commented on ARCO. Zacks Investment Research downgraded Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Citigroup Inc. upgraded Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and increased their target price for the company from $10.10 to $10.60 in a research note on Monday, August 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $9.28.
Arcos Dorados Holdings (ARCO) opened at 9.70 on Thursday. The stock has a market cap of $2.05 billion, a PE ratio of 37.31 and a beta of 2.16. Arcos Dorados Holdings has a 12 month low of $4.88 and a 12 month high of $9.85. The company’s 50 day moving average price is $9.00 and its 200 day moving average price is $8.24.
Arcos Dorados Holdings (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.12). The company had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. Equities analysts forecast that Arcos Dorados Holdings will post $0.39 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in Arcos Dorados Holdings in the 2nd quarter worth $107,000. Koch Industries Inc. bought a new position in Arcos Dorados Holdings in the 1st quarter worth $130,000. Moors & Cabot Inc. raised its holdings in Arcos Dorados Holdings by 4.9% in the 2nd quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Wells Fargo & Company MN raised its holdings in Arcos Dorados Holdings by 2.4% in the 2nd 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 period. Finally, FNY Partners Fund LP bought a new position in Arcos Dorados Holdings in the 1st quarter worth $201,000. 36.65% of the stock is currently owned by 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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