Research analysts at HSBC Securities initiated coverage on shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in a research note issued to investors on Wednesday. The firm set a “buy” rating and a $12.00 price target on the restaurant operator’s stock. HSBC Securities’ price target points to a potential upside of 21.21% from the company’s current price.
Other equities analysts also recently issued reports about the company. BidaskClub downgraded Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Citigroup Inc. raised Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.10 to $10.60 in a research note on Monday, August 28th. Finally, Zacks Investment Research raised Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Arcos Dorados Holdings currently has an average rating of “Buy” and an average target price of $11.15.
Arcos Dorados Holdings (NYSE ARCO) traded up $0.20 during trading on Wednesday, reaching $9.90. The company’s stock had a trading volume of 97,866 shares, compared to its average volume of 626,154. Arcos Dorados Holdings has a 52 week low of $5.20 and a 52 week high of $10.80. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. The firm has a market cap of $2,152.93, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.00 and a beta of 2.07.
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Large investors have recently made changes to their positions in the business. Stevens Capital Management LP acquired a new stake in Arcos Dorados Holdings during the 2nd quarter valued at $107,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Arcos Dorados Holdings during the third quarter worth $110,000. Moors & Cabot Inc. boosted its holdings in shares of Arcos Dorados Holdings by 4.9% during the second 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 during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Arcos Dorados Holdings by 2.4% during the second 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 during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Arcos Dorados Holdings during the first quarter worth $261,000. Hedge funds and other institutional investors own 37.08% 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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