Arcos Dorados Holdings Inc. (NYSE:ARCO) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCOGet Rating) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.75.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price target 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. StockNews.com upgraded shares of Arcos Dorados from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Barclays assumed coverage on shares of Arcos Dorados in a research report on Tuesday, September 27th. They set an “overweight” rating and a $9.00 price objective for the company.

Arcos Dorados Stock Up 0.7 %

ARCO opened at $7.26 on Friday. Arcos Dorados has a twelve month low of $4.83 and a twelve month high of $8.44. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.25 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 2.99. The firm has a 50 day moving average price of $7.31 and a 200-day moving average price of $7.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Arcos Dorados by 12.5% during the 1st quarter. Invesco Ltd. now owns 21,962,867 shares of the restaurant operator’s stock valued at $178,559,000 after acquiring an additional 2,435,111 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $8,492,000. Macquarie Group Ltd. increased its stake in Arcos Dorados by 41.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,932,557 shares of the restaurant operator’s stock worth $26,506,000 after buying an additional 1,143,252 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Arcos Dorados in the 3rd quarter valued at approximately $8,269,000. Finally, Moerus Capital Management LLC grew its position in shares of Arcos Dorados by 20.6% in the 1st quarter. Moerus Capital Management LLC now owns 6,031,654 shares of the restaurant operator’s stock valued at $49,037,000 after buying an additional 1,030,193 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

About Arcos Dorados

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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.

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Analyst Recommendations for Arcos Dorados (NYSE:ARCO)

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