Arcos Dorados Holdings Inc. (ARCO) Downgraded by BidaskClub

BidaskClub downgraded shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) from a strong-buy rating to a buy rating in a research note released on Wednesday.

Other equities analysts have also recently issued reports about the stock. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a neutral rating to a buy rating and lifted their price objective for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of Arcos Dorados Holdings from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $11.15.

Arcos Dorados Holdings (NYSE:ARCO) opened at $10.10 on Wednesday. The stock has a market capitalization of $2,047.40, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 2.07. Arcos Dorados Holdings has a twelve month low of $5.25 and a twelve month high of $10.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.89.

TRADEMARK VIOLATION WARNING: “Arcos Dorados Holdings Inc. (ARCO) Downgraded by BidaskClub” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://ledgergazette.com/2017/11/18/arcos-dorados-holdings-inc-arco-downgraded-by-bidaskclub.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in Arcos Dorados Holdings by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock worth $180,000 after purchasing an additional 570 shares in the last quarter. Moors & Cabot Inc. grew its position in Arcos Dorados Holdings by 4.9% during the 2nd quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. Engineers Gate Manager LP grew its position in Arcos Dorados Holdings by 8.3% during the 2nd quarter. Engineers Gate Manager LP now owns 61,724 shares of the restaurant operator’s stock worth $460,000 after purchasing an additional 4,738 shares in the last quarter. Royal Bank of Canada grew its position in Arcos Dorados Holdings by 5.2% during the 2nd quarter. Royal Bank of Canada now owns 107,989 shares of the restaurant operator’s stock worth $804,000 after purchasing an additional 5,360 shares in the last quarter. Finally, KCG Holdings Inc. grew its position in Arcos Dorados Holdings by 27.7% during the 1st quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock worth $265,000 after purchasing an additional 7,134 shares in the last quarter. Hedge funds and other institutional investors own 37.08% of the company’s stock.

About Arcos Dorados Holdings

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.

Receive News & Ratings for Arcos Dorados Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply