Arcos Dorados Holdings Inc. (ARCO) Downgraded by BidaskClub

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.

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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.

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