Equities research analysts at HSBC Holdings PLC began coverage on shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in a report released on Wednesday. The firm set a “buy” rating and a $12.00 price target on the restaurant operator’s stock. HSBC Holdings PLC’s price objective indicates a potential upside of 20.60% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.10 to $10.60 in a report on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $11.15.

Arcos Dorados Holdings (NYSE ARCO) traded up $0.25 on Wednesday, reaching $9.95. 525,400 shares of the company’s stock traded hands, compared to its average volume of 625,698. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.99. Arcos Dorados Holdings has a 1 year low of $5.25 and a 1 year high of $10.80. The firm has a market capitalization of $2,152.93, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.00 and a beta of 2.07.

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Hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC purchased a new stake in shares of Arcos Dorados Holdings in the third quarter valued at about $103,000. Virtu Financial LLC purchased a new stake in shares of Arcos Dorados Holdings in the third quarter valued at about $105,000. Stevens Capital Management LP purchased a new stake in shares of Arcos Dorados Holdings in the second quarter valued at about $107,000. Stratos Wealth Partners LTD. purchased a new stake in Arcos Dorados Holdings during the third quarter worth about $110,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Arcos Dorados Holdings during the third quarter worth about $125,000. Institutional investors own 37.08% of the company’s stock.

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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