Arcos Dorados Holdings Inc. (NYSE:ARCO) Stock Has Average Price Target of $9.75

Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.75.

ARCO has been the topic of a number of recent research reports. Wall Street Zen downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded Arcos Dorados from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of Arcos Dorados from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. upgraded shares of Arcos Dorados from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $10.50 in a report on Friday, July 17th. Finally, Bank of America cut shares of Arcos Dorados from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Monday, October 26th.

View Our Latest Analysis on ARCO

Arcos Dorados Stock Up 4.0%

Shares of NYSE:ARCO opened at $7.08 on Thursday. The business’s 50 day moving average is $7.66 and its 200 day moving average is $8.19. The stock has a market cap of $1.49 billion, a P/E ratio of 5.81 and a beta of 0.54. Arcos Dorados has a 52-week low of $6.67 and a 52-week high of $9.75. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.14.

Arcos Dorados (NYSE:ARCO – Get Free Report) last issued its earnings results on Friday, August 14th. The restaurant operator reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Arcos Dorados had a return on equity of 12.50% and a net margin of 5.15%. Sell-side analysts predict that Arcos Dorados will post 0.80 EPS for the current year.

Hedge Funds Weigh In On Arcos Dorados

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its stake in Arcos Dorados by 132.8% in the first quarter. Sei Investments Co. now owns 3,483,732 shares of the restaurant operator’s stock worth $28,741,000 after buying an additional 1,987,271 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Arcos Dorados by 7.9% during the first quarter. Lazard Asset Management LLC now owns 23,174,841 shares of the restaurant operator’s stock worth $191,192,000 after buying an additional 1,703,169 shares during the period. Globeflex Capital L P purchased a new stake in Arcos Dorados during the second quarter worth $6,574,000. Moerus Capital Management LLC lifted its holdings in Arcos Dorados by 19.9% during the first quarter. Moerus Capital Management LLC now owns 4,263,589 shares of the restaurant operator’s stock worth $35,175,000 after buying an additional 706,683 shares during the period. Finally, ABS Direct Equity Fund LLC bought a new stake in Arcos Dorados during the 1st quarter valued at $907,000. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Company Profile

(Get Free Report)

Arcos Dorados Holdings Inc (NYSE: ARCO) is the largest independent McDonald’s franchisee in the world. The company operates and franchises McDonald’s restaurants across Latin America and the Caribbean under a master franchise agreement with McDonald’s Corporation.

Its restaurants offer McDonald’s products, including hamburgers, chicken items, french fries, breakfast products, beverages, desserts and other menu offerings. Arcos Dorados also provides services such as McCafé, McDelivery, digital ordering and drive-thru operations, depending on the market.

Headquartered in Buenos Aires, Argentina, Arcos Dorados serves customers in approximately 20 countries and territories, including Argentina, Brazil, Chile, Colombia, Mexico, Peru, Puerto Rico, Uruguay and Venezuela.

Further Reading

Analyst Recommendations for Arcos Dorados (NYSE:ARCO)

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