Arcos Dorados (NYSE:ARCO) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Arcos Dorados (NYSE:ARCO – Get Rating) in a report released on Thursday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Separately, Barclays upped their price objective on shares of Arcos Dorados from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $10.00.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO opened at $7.83 on Thursday. 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 market cap of $1.65 billion, a PE ratio of 12.43, a PEG ratio of 1.11 and a beta of 0.99. The company’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $7.79. Arcos Dorados has a 12-month low of $6.23 and a 12-month high of $9.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming raised its holdings in shares of Arcos Dorados by 25.6% in the fourth quarter. State of Wyoming now owns 34,584 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 7,053 shares during the last quarter. Rayliant Investment Research purchased a new stake in shares of Arcos Dorados during the fourth quarter worth $926,000. Jane Street Group LLC bought a new position in Arcos Dorados during the fourth quarter valued at about $1,231,000. Squarepoint Ops LLC bought a new position in shares of Arcos Dorados in the fourth quarter worth about $320,000. Finally, Millennium Management LLC grew its position in Arcos Dorados by 70.4% during the fourth quarter. Millennium Management LLC now owns 3,431,374 shares of the restaurant operator’s stock worth $28,686,000 after buying an additional 1,417,481 shares in the last quarter. Institutional investors and hedge funds own 36.56% of the company’s stock.

Arcos Dorados Company Profile

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Arcos Dorados Holdings, Inc engages in the operation of restaurants. The firm operates and franchises McDonald’s restaurants in the food services industry through its subsidiaries. It operates through the following geographical segments: Brazil, Caribbean Division, North Latin America division (NOLAD), and South Latin America division (SLAD).