Arcos Dorados (NYSE:ARCO – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Separately, Barclays assumed coverage on Arcos Dorados in a research note on Tuesday, September 27th. They set an “overweight” rating and a $9.00 price target on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.
Arcos Dorados Stock Up 0.1 %
ARCO traded up $0.01 on Monday, hitting $8.36. The company had a trading volume of 12,431 shares, compared to its average volume of 958,467. Arcos Dorados has a 12-month low of $5.10 and a 12-month high of $8.44. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.90 and a current ratio of 0.97. The stock has a fifty day moving average price of $7.53 and a 200-day moving average price of $7.32.
Arcos Dorados (NYSE:ARCO – Get Rating) last issued its quarterly earnings results on Wednesday, November 16th. The restaurant operator reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. Arcos Dorados had a return on equity of 59.43% and a net margin of 3.89%. The business had revenue of $916.34 million for the quarter, compared to analyst estimates of $899.48 million. Analysts predict that Arcos Dorados will post 0.49 EPS for the current fiscal year.
Institutional Investors Weigh In On Arcos Dorados
Institutional investors and hedge funds have recently modified their holdings of the company. MQS Management LLC lifted its holdings in Arcos Dorados by 17.3% in the third quarter. MQS Management LLC now owns 27,786 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 4,097 shares during the period. Bank of New York Mellon Corp acquired a new position in Arcos Dorados in the third quarter valued at approximately $101,000. River & Mercantile Asset Management LLP acquired a new position in Arcos Dorados in the third quarter valued at approximately $1,399,000. Balyasny Asset Management LLC lifted its holdings in Arcos Dorados by 224.2% in the third quarter. Balyasny Asset Management LLC now owns 68,828 shares of the restaurant operator’s stock valued at $502,000 after acquiring an additional 47,598 shares during the period. Finally, BNP Paribas Arbitrage SNC acquired a new position in Arcos Dorados in the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 36.56% of the company’s stock.
About Arcos Dorados
Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. The company 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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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