Arcos Dorados (NYSE:ARCO) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

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JPMorgan Chase & Co. started coverage on shares of Arcos Dorados (NYSE:ARCO) in a research report report published on Wednesday morning, 24/7 WallStreet reports. The firm issued an overweight rating and a $8.50 price objective on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. TheStreet lowered shares of UDR from a b rating to a c rating in a research report on Tuesday, April 30th. Finally, ValuEngine lowered shares of Intersect ENT from a buy rating to a hold rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $8.50.

Shares of ARCO opened at $8.28 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 3.91. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 46.00 and a beta of 1.01. The business’s 50 day simple moving average is $6.95. Arcos Dorados has a 12-month low of $5.92 and a 12-month high of $9.22.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $731.00 million for the quarter. Arcos Dorados had a return on equity of 12.41% and a net margin of 1.64%. As a group, analysts expect that Arcos Dorados will post 0.29 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of ARCO. Quantamental Technologies LLC acquired a new position in shares of Arcos Dorados during the 1st quarter worth $85,000. Bank of America Corp DE raised its stake in shares of Arcos Dorados by 56.1% during the 4th quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock worth $110,000 after buying an additional 4,993 shares during the last quarter. Barclays PLC raised its stake in Arcos Dorados by 536.0% in the 4th quarter. Barclays PLC now owns 15,900 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 13,400 shares during the last quarter. Budros Ruhlin & Roe Inc. acquired a new position in Arcos Dorados in the 1st quarter valued at about $170,000. Finally, LPL Financial LLC raised its stake in Arcos Dorados by 163.0% in the 4th quarter. LPL Financial LLC now owns 38,904 shares of the restaurant operator’s stock valued at $307,000 after purchasing an additional 24,112 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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, CuraƧao, 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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