Arcos Dorados (NYSE:ARCO) Upgraded to “Hold” by Zacks Investment Research

Arcos Dorados (NYSE:ARCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in 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, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina. “

Separately, TheStreet downgraded Arcos Dorados from a “b-” rating to a “c” rating in a research report on Tuesday, April 30th.

ARCO stock traded up $0.19 during trading on Wednesday, reaching $6.84. 524,435 shares of the company traded hands, compared to its average volume of 461,796. Arcos Dorados has a 12 month low of $5.92 and a 12 month high of $9.22. The company has a market cap of $1.40 billion, a P/E ratio of 38.00 and a beta of 1.00. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.77 and a quick ratio of 0.70.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Arcos Dorados had a net margin of 1.64% and a return on equity of 12.41%. The company had revenue of $731.00 million for the quarter. On average, analysts anticipate that Arcos Dorados will post 0.29 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC acquired a new stake in Arcos Dorados in the fourth quarter worth about $47,000. Henry James International Management Inc. acquired a new stake in Arcos Dorados in the fourth quarter worth about $80,000. Quantamental Technologies LLC acquired a new stake in Arcos Dorados in the first quarter worth about $85,000. Bank of America Corp DE boosted its holdings in Arcos Dorados by 56.1% in the fourth quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4,993 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Arcos Dorados by 536.0% in the fourth quarter. Barclays PLC now owns 15,900 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 13,400 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

About Arcos Dorados

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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