JPMorgan Chase & Co. began coverage on shares of Arcos Dorados (NYSE:ARCO) in a research report released on Wednesday, 24/7 WallStreet reports. The brokerage issued an overweight rating and a $8.50 price objective on the restaurant operator’s stock.
A number of other analysts have also issued reports on ARCO. Zacks Investment Research lowered CGI from a buy rating to a hold rating in a report on Wednesday, June 19th. ValuEngine lowered Intersect ENT from a buy rating to a hold rating in a report on Monday, July 8th. Finally, TheStreet lowered UDR from a b rating to a c rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Arcos Dorados currently has an average rating of Hold and an average target price of $8.50.
Shares of NYSE ARCO opened at $8.28 on Wednesday. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.70 and a current ratio of 0.77. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 34.48 and a beta of 1.01. The firm’s 50-day moving average is $6.95. Arcos Dorados has a 52 week low of $5.92 and a 52 week high of $9.22.
Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The company had revenue of $731.00 million for the quarter. Arcos Dorados had a net margin of 1.64% and a return on equity of 12.41%. As a group, analysts predict that Arcos Dorados will post 0.29 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARCO. Norges Bank acquired a new stake in Arcos Dorados in the 4th quarter valued at approximately $10,211,000. SPX Equities Gestao de Recursos Ltda acquired a new stake in Arcos Dorados in the 2nd quarter valued at approximately $3,885,000. River & Mercantile Asset Management LLP grew its holdings in Arcos Dorados by 29.1% in the 4th quarter. River & Mercantile Asset Management LLP now owns 1,092,198 shares of the restaurant operator’s stock valued at $8,634,000 after buying an additional 246,491 shares during the last quarter. Globeflex Capital L P grew its holdings in shares of Arcos Dorados by 106.3% during the 4th quarter. Globeflex Capital L P now owns 454,398 shares of the restaurant operator’s stock worth $3,590,000 after purchasing an additional 234,114 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Arcos Dorados by 37.0% during the 4th quarter. BlackRock Inc. now owns 807,519 shares of the restaurant operator’s stock worth $6,380,000 after purchasing an additional 218,178 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.
Arcos Dorados Company Profile
Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and 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, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
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