Arcos Dorados Holding Inc (NYSE:ARCO) Receives Average Recommendation of “Buy” from Brokerages

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Arcos Dorados Holding Inc (NYSE:ARCO) has earned an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.33.

ARCO has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Arcos Dorados from an “underperform” rating to a “buy” rating in a research note on Monday, October 21st. ValuEngine upgraded shares of Arcos Dorados from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Zacks Investment Research raised Arcos Dorados from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Wednesday, November 27th.

Hedge funds have recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL acquired a new stake in Arcos Dorados in the 2nd quarter valued at about $100,000. Eqis Capital Management Inc. purchased a new stake in shares of Arcos Dorados in the third quarter valued at about $77,000. Northern Trust Corp lifted its holdings in shares of Arcos Dorados by 50.4% in the second quarter. Northern Trust Corp now owns 321,205 shares of the restaurant operator’s stock valued at $2,339,000 after purchasing an additional 107,657 shares in the last quarter. Consilium Investment Management LLC grew its position in shares of Arcos Dorados by 48.5% in the third quarter. Consilium Investment Management LLC now owns 335,551 shares of the restaurant operator’s stock valued at $2,255,000 after purchasing an additional 109,602 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Arcos Dorados by 5.4% in the third quarter. Moors & Cabot Inc. now owns 29,298 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 1,511 shares during the last quarter. 39.12% of the stock is currently owned by hedge funds and other institutional investors.

Arcos Dorados stock traded down $0.20 during trading hours on Thursday, reaching $7.38. 10,416 shares of the stock were exchanged, compared to its average volume of 369,955. Arcos Dorados has a 52-week low of $5.92 and a 52-week high of $9.22. The stock has a market cap of $1.56 billion, a P/E ratio of 40.97 and a beta of 1.15. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.65 and a current ratio of 0.73. The firm’s 50 day moving average is $7.41 and its 200 day moving average is $7.14.

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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