A number of other equities research analysts also recently issued reports on ARCO. Bradesco Corretora raised shares of Arcos Dorados from a neutral rating to an outperform rating and increased their price target for the stock from $9.00 to $11.00 in a report on Friday, July 26th. Zacks Investment Research downgraded shares of Arcos Dorados from a hold rating to a sell rating in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. began coverage on shares of Arcos Dorados in a report on Wednesday, July 10th. They issued an overweight rating and a $8.50 price target on the stock. Three analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Arcos Dorados has a consensus rating of Hold and a consensus target price of $9.75.
Shares of Arcos Dorados stock traded down $0.17 on Thursday, reaching $6.67. The stock had a trading volume of 8,622 shares, compared to its average volume of 489,282. Arcos Dorados has a 1 year low of $5.92 and a 1 year high of $9.22. The company has a market cap of $1.38 billion, a P/E ratio of 36.78 and a beta of 1.19. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 3.83. The business’s 50 day moving average is $7.32 and its two-hundred day moving average is $7.26.
Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Arcos Dorados had a return on equity of 14.97% and a net margin of 1.97%. The firm had revenue of $723.75 million during the quarter, compared to analysts’ expectations of $736.28 million. On average, equities analysts anticipate that Arcos Dorados will post 0.29 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in ARCO. Citadel Advisors LLC purchased a new stake in Arcos Dorados in the second quarter valued at approximately $85,000. Susquehanna Fundamental Investments LLC purchased a new stake in Arcos Dorados in the second quarter valued at approximately $87,000. Virginia Retirement Systems ET AL purchased a new stake in Arcos Dorados in the second quarter valued at approximately $100,000. Bank of America Corp DE raised its stake in Arcos Dorados by 56.1% in the fourth quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 4,993 shares in the last quarter. Finally, Diligent Investors LLC purchased a new stake in Arcos Dorados in the second quarter valued at approximately $146,000. 37.67% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Story: What economic reports are most valuable to investors?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Arcos Dorados Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados and related companies with MarketBeat.com's FREE daily email newsletter.