Arcos Dorados Holdings Inc. (ARCO) Receives Consensus Rating of “Buy” from Analysts
Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.00.
Several research firms recently commented on ARCO. Zacks Investment Research lowered Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Bank of America Corporation upgraded Arcos Dorados Holdings from an “underperform” rating to a “buy” rating and upped their price target for the stock from $8.00 to $10.00 in a research note on Tuesday, April 11th.
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Arcos Dorados Holdings (ARCO) traded up 2.24% on Monday, reaching $7.75. 620,854 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $8.38 and a 200-day moving average price of $7.16. Arcos Dorados Holdings has a 52 week low of $4.56 and a 52 week high of $9.52. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.15 and a beta of 2.12.
Arcos Dorados Holdings (NYSE:ARCO) last released its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.15. The firm had revenue of $781.48 million during the quarter. Arcos Dorados Holdings had a return on equity of 28.58% and a net margin of 3.39%. On average, analysts predict that Arcos Dorados Holdings will post $0.44 earnings per share for the current year.
Several large investors have recently bought and sold shares of ARCO. Legato Capital Management LLC bought a new stake in Arcos Dorados Holdings during the first quarter worth about $1,032,742,000. Teachers Advisors LLC increased its position in shares of Arcos Dorados Holdings by 35.0% in the first quarter. Teachers Advisors LLC now owns 8,219,426 shares of the restaurant operator’s stock worth $66,166,000 after buying an additional 2,128,725 shares in the last quarter. Norges Bank acquired a new position in shares of Arcos Dorados Holdings during the fourth quarter worth approximately $8,304,000. Acadian Asset Management LLC increased its position in shares of Arcos Dorados Holdings by 37.2% in the first quarter. Acadian Asset Management LLC now owns 3,456,025 shares of the restaurant operator’s stock worth $27,821,000 after buying an additional 937,580 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Arcos Dorados Holdings by 299.9% in the first quarter. Renaissance Technologies LLC now owns 953,439 shares of the restaurant operator’s stock worth $7,675,000 after buying an additional 714,999 shares in the last quarter. Institutional investors and hedge funds own 40.57% of the company’s stock.
About Arcos Dorados Holdings
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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