ValuEngine upgraded shares of Arcos Dorados (NYSE:ARCO) from a strong sell rating to a sell rating in a research report report published on Friday morning.
ARCO has been the topic of several other research reports. Zacks Investment Research downgraded shares of Arcos Dorados from a hold rating to a sell rating in a research note on Thursday, August 9th. TheStreet downgraded shares of Arcos Dorados from a b- rating to a c+ rating in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $10.00.
Shares of ARCO opened at $6.55 on Friday. Arcos Dorados has a twelve month low of $6.05 and a twelve month high of $10.80. The firm has a market capitalization of $1.39 billion, a PE ratio of 10.77, a PEG ratio of 1.21 and a beta of 1.68. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 1.57.
A number of hedge funds have recently bought and sold shares of the stock. Compass Group LLC increased its position in Arcos Dorados by 88.2% during the 2nd quarter. Compass Group LLC now owns 5,216,183 shares of the restaurant operator’s stock valued at $36,252,000 after purchasing an additional 2,444,573 shares during the period. Newfoundland Capital Management increased its position in Arcos Dorados by 880.6% during the 1st quarter. Newfoundland Capital Management now owns 1,026,311 shares of the restaurant operator’s stock valued at $9,391,000 after purchasing an additional 921,653 shares during the period. CIBC World Markets Inc. increased its position in Arcos Dorados by 980.9% during the 1st quarter. CIBC World Markets Inc. now owns 304,524 shares of the restaurant operator’s stock valued at $2,786,000 after purchasing an additional 276,352 shares during the period. Banco BTG Pactual S.A. purchased a new position in Arcos Dorados during the 1st quarter valued at about $2,330,000. Finally, River & Mercantile Asset Management LLP increased its position in Arcos Dorados by 45.1% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 769,125 shares of the restaurant operator’s stock valued at $5,365,000 after purchasing an additional 239,237 shares during the period. 35.65% of the stock is currently owned by institutional investors.
Arcos Dorados Company Profile
Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It 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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
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