Analysts Set Arcos Dorados Holding Inc (NYSE:ARCO) PT at $9.75

Shares of Arcos Dorados Holding Inc (NYSE:ARCO) have been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.75.

A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Bradesco Corretora upgraded Arcos Dorados from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $11.00 in a research note on Friday, July 26th. JPMorgan Chase & Co. assumed coverage on Arcos Dorados in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $8.50 target price for the company. Finally, Zacks Investment Research lowered Arcos Dorados from a “hold” rating to a “sell” rating in a research note on Friday.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. River & Mercantile Asset Management LLP grew its stake in Arcos Dorados by 0.3% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 805,798 shares of the restaurant operator’s stock valued at $5,874,000 after purchasing an additional 2,500 shares in the last quarter. Thomas White International Ltd. grew its stake in Arcos Dorados by 3.1% during the 2nd quarter. Thomas White International Ltd. now owns 190,304 shares of the restaurant operator’s stock valued at $1,385,000 after purchasing an additional 5,746 shares in the last quarter. Inlet Private Wealth LLC grew its stake in Arcos Dorados by 6.4% during the 2nd quarter. Inlet Private Wealth LLC now owns 149,800 shares of the restaurant operator’s stock valued at $1,240,000 after purchasing an additional 9,000 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its stake in Arcos Dorados by 2.0% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 485,468 shares of the restaurant operator’s stock valued at $3,262,000 after purchasing an additional 9,734 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Arcos Dorados during the 2nd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

ARCO stock opened at $6.67 on Wednesday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.66 and a current ratio of 0.73. Arcos Dorados has a 1 year low of $5.92 and a 1 year high of $9.22. The firm has a market cap of $1.36 billion, a P/E ratio of 24.48 and a beta of 1.15. The stock has a 50-day simple moving average of $6.68 and a 200-day simple moving average of $7.03.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Arcos Dorados had a net margin of 1.97% and a return on equity of 14.97%. The company had revenue of $723.75 million during the quarter, compared to analyst estimates of $736.28 million. On average, equities research analysts predict that Arcos Dorados will post 0.29 EPS for the current year.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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