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Arcos Dorados Holdings (NASDAQ:ARCO) was downgraded by HSBC from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $7.00 price target on the stock, down from their previous price target of $9.00. HSBC’s target price would suggest a potential downside of 26.39% from the company’s current price.

A number of other analysts have also recently weighed in on ARCO. Analysts at Bank of America upgraded shares of Arcos Dorados Holdings from an “underperform” rating to a “buy” rating in a research note on Monday, June 9th. They now have a $14.16 price target on the stock, up previously from $9.61. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.37.

Shares of Arcos Dorados Holdings (NASDAQ:ARCO) traded down 3.26% during mid-day trading on Tuesday, hitting $9.51. The stock had a trading volume of 1,007,644 shares. Arcos Dorados Holdings has a one year low of $8.26 and a one year high of $13.71. The stock’s 50-day moving average is $10.57 and its 200-day moving average is $9.73.

Arcos Dorados Holdings (NASDAQ:ARCO) last issued its quarterly earnings data 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 $0.20 earnings per share for the current fiscal year.

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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