Arcos Dorados (NYSE:ARCO) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
Separately, Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, March 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.20.
Get Arcos Dorados alerts:Arcos Dorados stock traded up $0.20 during midday trading on Friday, reaching $7.15. The stock had a trading volume of 317,200 shares, compared to its average volume of 693,640. Arcos Dorados has a twelve month low of $6.75 and a twelve month high of $10.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.96 and a current ratio of 1.06. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.94 and a beta of 1.74.
Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, May 9th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Arcos Dorados had a return on equity of 19.72% and a net margin of 2.63%. The firm had revenue of $849.89 million during the quarter. equities analysts forecast that Arcos Dorados will post 0.38 earnings per share for the current fiscal year.
Arcos Dorados announced that its board has initiated a share repurchase program on Tuesday, May 22nd that authorizes the company to repurchase $60.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in ARCO. Blair William & Co. IL purchased a new stake in Arcos Dorados in the 1st quarter worth approximately $102,000. Usca Ria LLC purchased a new stake in Arcos Dorados in the 1st quarter worth approximately $119,000. Ellington Management Group LLC purchased a new stake in Arcos Dorados in the 4th quarter worth approximately $139,000. Element Capital Management LLC purchased a new stake in Arcos Dorados in the 1st quarter worth approximately $151,000. Finally, Castleark Management LLC purchased a new stake in Arcos Dorados in the 4th quarter worth approximately $158,000. Institutional investors own 37.56% of the company’s stock.
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, Cura莽ao, 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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