Arcos Dorados (NYSE:ARCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in 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, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina. “

Other research analysts have also recently issued reports about the company. TheStreet raised Arcos Dorados from a “c+” rating to a “b” rating in a research report on Tuesday, November 21st. BidaskClub raised Arcos Dorados from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 14th. Finally, HSBC assumed coverage on Arcos Dorados in a research report on Wednesday, November 15th. They set a “buy” rating and a $12.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Arcos Dorados currently has an average rating of “Buy” and an average price target of $11.15.

Shares of Arcos Dorados (NYSE ARCO) traded down $0.15 during midday trading on Wednesday, reaching $10.20. The company had a trading volume of 200,400 shares, compared to its average volume of 180,300. Arcos Dorados has a 1 year low of $5.45 and a 1 year high of $10.80. 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 firm has a market capitalization of $2,130.00, a PE ratio of 26.84, a PEG ratio of 2.36 and a beta of 2.04.

Large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC increased its stake in shares of Arcos Dorados by 30.0% during the second 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 increased its stake in shares of Arcos Dorados by 273.2% during the third 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 bought a new position in shares of Arcos Dorados during the third quarter worth approximately $10,448,000. Russell Investments Group Ltd. increased its stake in shares of Arcos Dorados by 51.6% during the third 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. increased its stake in shares of Arcos Dorados by 12.6% during the third 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. Hedge funds and other institutional investors own 36.59% of the company’s stock.

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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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