Arcos Dorados Holdings Inc. (ARCO) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) from a hold rating to a buy rating in a research report sent to investors on Friday, November 10th. Zacks Investment Research currently has $12.00 price target on the restaurant operator’s stock.

According to Zacks, “Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in 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, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina. “

ARCO has been the topic of a number of other research reports. BidaskClub upgraded shares of Arcos Dorados Holdings from a buy rating to a strong-buy rating in a research report on Tuesday, July 25th. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a neutral rating to a buy rating and raised their target price for the company from $10.10 to $10.60 in a research report on Monday, August 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $11.15.

Shares of Arcos Dorados Holdings (NYSE:ARCO) opened at $10.40 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a market cap of $2,174.04, a P/E ratio of 27.10, a P/E/G ratio of 2.02 and a beta of 2.07. Arcos Dorados Holdings has a 52-week low of $5.25 and a 52-week high of $10.80.

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A number of institutional investors and hedge funds have recently bought and sold shares of ARCO. CIBC World Markets Inc. bought a new stake in shares of Arcos Dorados Holdings during the second quarter worth about $3,182,000. Cubist Systematic Strategies LLC increased its position in shares of Arcos Dorados Holdings by 80.0% during the second quarter. Cubist Systematic Strategies LLC now owns 70,568 shares of the restaurant operator’s stock worth $526,000 after acquiring an additional 31,366 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Arcos Dorados Holdings during the second quarter worth about $558,000. KCG Holdings Inc. increased its position in shares of Arcos Dorados Holdings by 27.7% during the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock worth $265,000 after acquiring an additional 7,134 shares in the last quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Arcos Dorados Holdings during the second quarter worth about $2,756,000. 36.98% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Holdings 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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