Arcos Dorados Holdings Inc. (NYSE:ARCO) Receives Average Rating of “Moderate Buy” from Analysts

Arcos Dorados Holdings Inc. (NYSE:ARCOGet Free Report) has received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.50.

A number of equities analysts have commented on the stock. Weiss Ratings lowered shares of Arcos Dorados from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Zacks Research cut shares of Arcos Dorados from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. raised Arcos Dorados from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $10.50 in a report on Friday, July 17th.

View Our Latest Analysis on Arcos Dorados

Hedge Funds Weigh In On Arcos Dorados

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Arcos Dorados during the second quarter worth $31,000. FNY Investment Advisers LLC acquired a new position in Arcos Dorados during the 2nd quarter worth about $40,000. Truist Financial Corp acquired a new position in Arcos Dorados during the 4th quarter worth about $76,000. Squarepoint Ops LLC bought a new stake in Arcos Dorados during the 2nd quarter worth about $81,000. Finally, Baird Financial Group Inc. bought a new stake in Arcos Dorados during the 2nd quarter worth about $87,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Arcos Dorados stock opened at $7.62 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.88 and a quick ratio of 0.81. The stock has a fifty day moving average price of $8.06 and a two-hundred day moving average price of $8.31. Arcos Dorados has a 52-week low of $6.54 and a 52-week high of $9.75. The firm has a market capitalization of $1.61 billion, a P/E ratio of 6.25 and a beta of 0.49.

Arcos Dorados (NYSE:ARCOGet Free Report) last issued its earnings results on Friday, August 14th. The restaurant operator reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arcos Dorados had a net margin of 5.15% and a return on equity of 12.50%. As a group, analysts anticipate that Arcos Dorados will post 0.79 EPS for the current fiscal year.

About Arcos Dorados

(Get Free Report)

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world and operates McDonald’s restaurants across Latin America and the Caribbean. The company holds the exclusive right to own, operate and franchise McDonald’s restaurants in numerous markets throughout the region.

Its restaurants offer McDonald’s core menu of hamburgers, cheeseburgers, chicken products, french fries, breakfast items, beverages and desserts, along with regionally adapted products. Arcos Dorados also serves customers through drive-thru locations, delivery, mobile ordering and other digital channels.

Arcos Dorados was established in 2007 following the acquisition of McDonald’s operations in Latin America from McDonald’s Corporation.

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Analyst Recommendations for Arcos Dorados (NYSE:ARCO)

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