Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $9.00.
Several brokerages recently issued reports on ARCO. Zacks Investment Research upgraded Arcos Dorados Holdings from a “sell” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Tuesday, May 16th. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. BidaskClub upgraded Arcos Dorados Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation upgraded Arcos Dorados Holdings from an “underperform” rating to a “buy” rating and boosted their price target for the company from $8.00 to $10.00 in a research note on Tuesday, April 11th.
A number of large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new stake in Arcos Dorados Holdings during the first quarter valued at $130,000. FNY Partners Fund LP acquired a new stake in Arcos Dorados Holdings during the first quarter valued at $201,000. Paloma Partners Management Co acquired a new stake in Arcos Dorados Holdings during the first quarter valued at $261,000. KCG Holdings Inc. boosted its stake in Arcos Dorados Holdings by 27.7% in the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock valued at $265,000 after buying an additional 7,134 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Arcos Dorados Holdings during the second quarter valued at $265,000. Hedge funds and other institutional investors own 41.69% of the company’s stock.
Arcos Dorados Holdings (ARCO) traded down 0.0601% during trading on Friday, hitting $9.1445. The company had a trading volume of 28,138 shares. Arcos Dorados Holdings has a one year low of $4.56 and a one year high of $9.53. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 19.0510 and a beta of 2.16. The stock has a 50-day moving average of $8.10 and a 200 day moving average of $7.60.
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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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