Arcos Dorados Holdings Inc. (ARCO) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

Several other research analysts also recently commented on ARCO. ValuEngine downgraded Arcos Dorados Holdings from a buy rating to a hold rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded Arcos Dorados Holdings from a buy rating to a hold rating in a report on Friday, June 9th. Finally, Citigroup Inc. upgraded 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 report on Monday, August 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $9.28.

Arcos Dorados Holdings (ARCO) opened at 9.70 on Thursday. Arcos Dorados Holdings has a one year low of $4.88 and a one year high of $9.85. The firm has a market cap of $2.05 billion, a PE ratio of 37.31 and a beta of 2.16. The firm has a 50-day moving average price of $9.00 and a 200-day moving average price of $8.24.

Arcos Dorados Holdings (NYSE:ARCO) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.12). The company had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. On average, equities analysts expect that Arcos Dorados Holdings will post $0.39 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new position in shares of Arcos Dorados Holdings in the second quarter worth about $107,000. Koch Industries Inc. purchased a new position in shares of Arcos Dorados Holdings in the first quarter worth about $130,000. Moors & Cabot Inc. increased its holdings in shares of Arcos Dorados Holdings by 4.9% in the second quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock worth $159,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Arcos Dorados Holdings by 2.4% in the second quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock worth $180,000 after buying an additional 570 shares during the period. Finally, FNY Partners Fund LP purchased a new position in shares of Arcos Dorados Holdings in the first quarter worth about $201,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

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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