Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.15.

ARCO has been the subject of several recent analyst reports. TheStreet upgraded Arcos Dorados from a “c+” rating to a “b” rating in a report on Tuesday, November 21st. BidaskClub cut Arcos Dorados from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. HSBC initiated coverage on Arcos Dorados in a report on Wednesday, November 15th. They issued a “buy” rating and a $12.00 price target for the company. Citigroup upgraded Arcos Dorados from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.10 to $10.60 in a report on Monday, August 28th. Finally, Zacks Investment Research upgraded Arcos Dorados from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, November 10th.

Several large investors have recently modified their holdings of the company. Teachers Advisors LLC grew its holdings in shares of Arcos Dorados by 30.0% during the 2nd quarter. Teachers Advisors LLC now owns 10,684,536 shares of the restaurant operator’s stock worth $79,600,000 after purchasing an additional 2,465,110 shares during the period. Investec Asset Management LTD grew its holdings in shares of Arcos Dorados by 273.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,853,483 shares of the restaurant operator’s stock worth $18,628,000 after purchasing an additional 1,356,816 shares during the period. Carmignac Gestion purchased a new stake in shares of Arcos Dorados during the 3rd quarter worth about $10,448,000. Russell Investments Group Ltd. grew its holdings in shares of Arcos Dorados by 51.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 935,184 shares of the restaurant operator’s stock worth $9,397,000 after purchasing an additional 318,409 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Arcos Dorados by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 844,977 shares of the restaurant operator’s stock worth $8,238,000 after purchasing an additional 94,634 shares during the period. Institutional investors and hedge funds own 36.67% of the company’s stock.

Shares of Arcos Dorados (NYSE ARCO) opened at $9.65 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $1,962.97, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.82 and a beta of 2.05. Arcos Dorados has a fifty-two week low of $5.25 and a fifty-two week high of $10.80.

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About Arcos Dorados

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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