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Shares of Arcos Dorados Holdings (NASDAQ:ARCO) have earned an average rating of “Hold” from the six analysts that are currently covering the company, American Banking News reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.77.

Shares of Arcos Dorados Holdings (NASDAQ:ARCO) traded down 0.81% during mid-day trading on Thursday, hitting $8.61. The stock had a trading volume of 70,725 shares. Arcos Dorados Holdings has a 1-year low of $8.26 and a 1-year high of $15.06. The stock’s 50-day moving average is $9. and its 200-day moving average is $10.20.

Arcos Dorados Holdings (NASDAQ:ARCO) last announced its earnings results on Tuesday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.15. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $962.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. Arcos Dorados Holdings’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Arcos Dorados Holdings will post $0.27 earnings per share for the current fiscal year.

ARCO has been the subject of a number of recent research reports. Analysts at HSBC downgraded shares of Arcos Dorados Holdings from an “overweight” rating to a “neutral” rating in a research note on Thursday. They now have a $9.00 price target on the stock, down previously from $14.00. Separately, analysts at Zacks upgraded shares of Arcos Dorados Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $9.30 price target on the stock. Finally, analysts at TheStreet upgraded shares of Arcos Dorados Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th.

Arcos Dorados Holdings Inc is a McDonald’s franchisee. As of December 31, 2010, the Company operated or franchised 1,755 McDonald’s-branded restaurants, which represented 6.

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