Arcos Dorados Holding Inc (ARCO) Given Consensus Rating of “Buy” by Brokerages

Shares of Arcos Dorados Holding Inc (NYSE:ARCO) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.87.

Several brokerages have recently issued reports on ARCO. Zacks Investment Research cut Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet raised Arcos Dorados from a “c+” rating to a “b” rating in a report on Tuesday, November 21st. BidaskClub raised Arcos Dorados from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. Finally, HSBC began coverage on Arcos Dorados in a report on Wednesday, November 15th. They issued a “buy” rating and a $12.00 target price on the stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ARCO. Victory Capital Management Inc. increased its stake in Arcos Dorados by 4.1% during the second quarter. Victory Capital Management Inc. now owns 494,589 shares of the restaurant operator’s stock worth $3,685,000 after acquiring an additional 19,293 shares during the last quarter. Engineers Gate Manager LP increased its stake in Arcos Dorados by 8.3% during the second quarter. Engineers Gate Manager LP now owns 61,724 shares of the restaurant operator’s stock worth $460,000 after acquiring an additional 4,738 shares during the last quarter. CIBC World Markets Inc. bought a new stake in Arcos Dorados during the second quarter worth approximately $3,182,000. Wells Fargo & Company MN increased its stake in Arcos Dorados by 2.4% during the second quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock worth $180,000 after acquiring an additional 570 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Arcos Dorados by 30.0% during the second quarter. Teachers Advisors LLC now owns 10,684,536 shares of the restaurant operator’s stock worth $79,600,000 after acquiring an additional 2,465,110 shares during the last quarter. 36.59% of the stock is currently owned by institutional investors.

Arcos Dorados (ARCO) opened at $10.08 on Thursday. Arcos Dorados has a 52-week low of $5.50 and a 52-week high of $10.80. The company has a market capitalization of $2,130.00, a PE ratio of 26.53, a PEG ratio of 2.36 and a beta of 2.04. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.89.

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Arcos Dorados Company Profile

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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