Arcos Dorados Holdings Inc. (NYSE:ARCO) Receives $8.70 Average PT from Brokerages

Arcos Dorados Holdings Inc. (NYSE:ARCOGet Free Report) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.70.

A number of brokerages have weighed in on ARCO. The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Arcos Dorados from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Santander upgraded shares of Arcos Dorados to an “outperform” rating in a report on Monday, April 20th. Finally, Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd.

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Institutional Investors Weigh In On Arcos Dorados

Several institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in Arcos Dorados by 9,074.6% during the 4th quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 5,717 shares during the period. Quarry LP purchased a new stake in Arcos Dorados during the third quarter worth about $45,000. Aquatic Capital Management LLC acquired a new stake in shares of Arcos Dorados during the third quarter worth about $53,000. Truist Financial Corp purchased a new position in shares of Arcos Dorados in the fourth quarter valued at approximately $76,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Arcos Dorados in the third quarter valued at approximately $73,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

NYSE ARCO opened at $8.24 on Friday. The stock has a market cap of $1.74 billion, a PE ratio of 7.43 and a beta of 0.48. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.25. Arcos Dorados has a twelve month low of $6.51 and a twelve month high of $9.75. The stock has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $8.28.

Arcos Dorados (NYSE:ARCOGet Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned $0.07 EPS. Arcos Dorados’s revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Arcos Dorados will post 0.73 earnings per share for the current year.

About Arcos Dorados

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Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.

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Analyst Recommendations for Arcos Dorados (NYSE:ARCO)

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