Arcos Dorados (NYSE:ARCO) Stock Price Passes Above 200 Day Moving Average of $9.04

Arcos Dorados Holdings Inc. (NYSE:ARCO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.04 and traded as high as $10.05. Arcos Dorados shares last traded at $9.91, with a volume of 682,951 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ARCO shares. JPMorgan Chase & Co. increased their target price on Arcos Dorados from $10.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Bank of America increased their target price on Arcos Dorados from $10.00 to $12.00 in a report on Thursday, May 18th. StockNews.com started coverage on Arcos Dorados in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Barclays upped their price objective on Arcos Dorados from $10.00 to $13.50 and gave the stock an “overweight” rating in a research report on Monday, August 7th.

Arcos Dorados Trading Up 0.4 %

The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2.09 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.14 and a beta of 1.05. The firm has a 50-day moving average of $10.49 and a two-hundred day moving average of $9.04.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Arcos Dorados had a return on equity of 51.64% and a net margin of 4.21%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $0.07 EPS. On average, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.78 EPS for the current year.

Hedge Funds Weigh In On Arcos Dorados

Several large investors have recently bought and sold shares of ARCO. Point72 Asset Management L.P. bought a new position in Arcos Dorados in the second quarter valued at about $32,000. Quarry LP increased its stake in shares of Arcos Dorados by 607.6% in the first quarter. Quarry LP now owns 4,260 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 3,658 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Arcos Dorados in the second quarter valued at about $40,000. Spire Wealth Management increased its stake in shares of Arcos Dorados by 48.2% in the first quarter. Spire Wealth Management now owns 6,150 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 2,000 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Arcos Dorados by 256.2% in the first quarter. Tower Research Capital LLC TRC now owns 6,640 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 4,776 shares during the period. 36.34% 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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.