Arcos Dorados Holding Inc (ARCO) Receives Consensus Recommendation of “Buy” from Analysts
Arcos Dorados Holding Inc (NYSE:ARCO) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.87.
A number of research firms have recently weighed in on ARCO. BidaskClub lowered Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised Arcos Dorados from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, November 10th. HSBC began coverage on Arcos Dorados in a research report on Wednesday, November 15th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, TheStreet raised Arcos Dorados from a “c+” rating to a “b” rating in a research report on Tuesday, November 21st.
Shares of Arcos Dorados (ARCO) opened at $10.20 on Monday. Arcos Dorados has a 12-month low of $5.60 and a 12-month high of $10.80. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.99. The firm has a market capitalization of $2,089.61, a price-to-earnings ratio of 26.84, a PEG ratio of 2.25 and a beta of 2.04.
Institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC purchased a new stake in shares of Arcos Dorados during the third quarter worth $103,000. Virtu Financial LLC purchased a new position in Arcos Dorados in the third quarter valued at $105,000. Stratos Wealth Partners LTD. purchased a new position in Arcos Dorados in the third quarter valued at $110,000. Fox Run Management L.L.C. purchased a new position in Arcos Dorados in the fourth quarter valued at $129,000. Finally, Janney Montgomery Scott LLC purchased a new position in Arcos Dorados in the third quarter valued at $125,000. 36.60% of the stock is currently owned by institutional investors and hedge funds.
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Arcos Dorados Company Profile
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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