Arcos Dorados Holdings Inc. (NYSE:ARCO) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, November 10th. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $10.87.
Arcos Dorados Holdings (NYSE ARCO) opened at $9.70 on Wednesday. The company has a market cap of $2,150.00, a PE ratio of 26.97, a PEG ratio of 2.01 and a beta of 2.07. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. Arcos Dorados Holdings has a 12-month low of $5.20 and a 12-month high of $10.80.
ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://weekherald.com/2017/11/15/arcos-dorados-holdings-inc-arco-downgraded-by-bidaskclub.html.
A number of hedge funds have recently bought and sold shares of ARCO. Teachers Advisors LLC lifted its holdings in Arcos Dorados Holdings by 30.0% in 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 lifted its holdings in Arcos Dorados Holdings by 273.2% in 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. Acadian Asset Management LLC lifted its holdings in Arcos Dorados Holdings by 38.9% in the second quarter. Acadian Asset Management LLC now owns 4,800,113 shares of the restaurant operator’s stock worth $35,761,000 after purchasing an additional 1,344,088 shares during the period. Carmignac Gestion acquired a new stake in Arcos Dorados Holdings in the third quarter worth about $10,448,000. Finally, Glen Point Capital LLP acquired a new stake in Arcos Dorados Holdings in the second quarter worth about $6,164,000. 37.08% of the stock is owned by institutional investors and hedge funds.
About Arcos Dorados Holdings
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.
Receive News & Ratings for Arcos Dorados Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.