StockNews.com Upgrades Arcos Dorados (NYSE:ARCO) to “Strong-Buy”

Arcos Dorados (NYSE:ARCOGet Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently weighed in on ARCO. Barclays began coverage on shares of Arcos Dorados in a research note on Tuesday, September 27th. They issued an “overweight” rating and a $9.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of Arcos Dorados from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Arcos Dorados currently has an average rating of “Buy” and an average price target of $9.75.

Arcos Dorados Price Performance

NYSE:ARCO opened at $7.26 on Wednesday. Arcos Dorados has a 1-year low of $4.83 and a 1-year high of $8.44. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 2.99. The firm has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $7.25. The stock has a market capitalization of $1.53 billion, a PE ratio of 11.52, a P/E/G ratio of 1.25 and a beta of 1.08.

Institutional Investors Weigh In On Arcos Dorados

A number of hedge funds and other institutional investors have recently modified their holdings of ARCO. Advisor Group Holdings Inc. lifted its holdings in shares of Arcos Dorados by 64.3% during the first quarter. Advisor Group Holdings Inc. now owns 28,831 shares of the restaurant operator’s stock worth $235,000 after buying an additional 11,288 shares in the last quarter. Private Management Group Inc. raised its stake in Arcos Dorados by 0.3% in the first quarter. Private Management Group Inc. now owns 2,239,291 shares of the restaurant operator’s stock valued at $18,205,000 after purchasing an additional 6,933 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Arcos Dorados by 265.7% in the first quarter. Qube Research & Technologies Ltd now owns 75,177 shares of the restaurant operator’s stock valued at $611,000 after purchasing an additional 54,622 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in Arcos Dorados in the first quarter valued at about $374,000. Finally, Boston Partners raised its stake in Arcos Dorados by 3.0% in the first quarter. Boston Partners now owns 202,431 shares of the restaurant operator’s stock valued at $1,646,000 after purchasing an additional 5,890 shares in the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Arcos Dorados Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Arcos Dorados (NYSE:ARCO)

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