Arcos Dorados (NYSE:ARCO) Stock Rating Upgraded by Wall Street Zen

Arcos Dorados (NYSE:ARCO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently commented on the company. Zacks Research raised Arcos Dorados from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Bank of America downgraded Arcos Dorados from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Monday, October 26th. JPMorgan Chase & Co. upgraded Arcos Dorados from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $10.50 in a report on Friday, July 17th. Finally, Weiss Ratings raised Arcos Dorados from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Arcos Dorados currently has an average rating of “Moderate Buy” and an average target price of $9.75.

Arcos Dorados Stock Performance

Shares of ARCO opened at $6.98 on Friday. The business’s 50 day moving average is $7.62 and its two-hundred day moving average is $8.18. Arcos Dorados has a 52-week low of $6.67 and a 52-week high of $9.75. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 5.72 and a beta of 0.54. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.14.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Friday, August 14th. The restaurant operator reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. Arcos Dorados had a net margin of 5.15% and a return on equity of 12.50%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Analysts forecast that Arcos Dorados will post 0.80 EPS for the current fiscal year.

Institutional Trading of Arcos Dorados

A number of institutional investors and hedge funds have recently made changes to their positions in ARCO. Lazard Asset Management LLC increased its position in shares of Arcos Dorados by 7.9% during the 1st quarter. Lazard Asset Management LLC now owns 23,174,841 shares of the restaurant operator’s stock valued at $191,192,000 after purchasing an additional 1,703,169 shares during the period. Moerus Capital Management LLC lifted its holdings in shares of Arcos Dorados by 19.9% in the first quarter. Moerus Capital Management LLC now owns 4,263,589 shares of the restaurant operator’s stock valued at $35,175,000 after buying an additional 706,683 shares during the period. Sei Investments Co. boosted its stake in Arcos Dorados by 132.8% during the first quarter. Sei Investments Co. now owns 3,483,732 shares of the restaurant operator’s stock valued at $28,741,000 after buying an additional 1,987,271 shares in the last quarter. Private Management Group Inc. boosted its stake in Arcos Dorados by 3.0% during the third quarter. Private Management Group Inc. now owns 3,416,163 shares of the restaurant operator’s stock valued at $24,426,000 after buying an additional 98,070 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in Arcos Dorados during the second quarter worth about $6,574,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc (NYSE: ARCO) is the largest independent McDonald’s franchisee in the world. The company operates and franchises McDonald’s restaurants across Latin America and the Caribbean under a master franchise agreement with McDonald’s Corporation.

Its restaurants offer McDonald’s products, including hamburgers, chicken items, french fries, breakfast products, beverages, desserts and other menu offerings. Arcos Dorados also provides services such as McCafé, McDelivery, digital ordering and drive-thru operations, depending on the market.

Headquartered in Buenos Aires, Argentina, Arcos Dorados serves customers in approximately 20 countries and territories, including Argentina, Brazil, Chile, Colombia, Mexico, Peru, Puerto Rico, Uruguay and Venezuela.