Arcos Dorados Holdings Inc. (ARCO) Sets New 1-Year High at $9.55

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $9.55 and last traded at $9.65, with a volume of 311,731 shares traded. The stock had previously closed at $9.10.

A number of equities analysts have recently commented on ARCO shares. Zacks Investment Research upgraded Arcos Dorados Holdings from a “sell” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, May 16th. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, BidaskClub downgraded Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.28.

The firm’s 50 day moving average price is $8.89 and its 200 day moving average price is $8.14. The firm has a market capitalization of $2.05 billion, a PE ratio of 37.31 and a beta of 2.16.

Arcos Dorados Holdings (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.12. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. The business had revenue of $798.70 million for the quarter. Equities research analysts forecast that Arcos Dorados Holdings Inc. will post $0.39 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ARCO. Teachers Advisors LLC lifted its position in shares of Arcos Dorados Holdings by 30.0% during the 2nd quarter. Teachers Advisors LLC now owns 10,684,536 shares of the restaurant operator’s stock worth $79,600,000 after purchasing an additional 2,465,110 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Arcos Dorados Holdings by 38.9% during the 2nd quarter. Acadian Asset Management LLC now owns 4,800,113 shares of the restaurant operator’s stock worth $35,761,000 after purchasing an additional 1,344,088 shares during the last quarter. Glen Point Capital LLP acquired a new position in shares of Arcos Dorados Holdings during the 2nd quarter worth about $6,164,000. Renaissance Technologies LLC lifted its position in shares of Arcos Dorados Holdings by 299.9% during the 1st quarter. Renaissance Technologies LLC now owns 953,439 shares of the restaurant operator’s stock worth $7,675,000 after purchasing an additional 714,999 shares during the last quarter. Finally, Kora Management LP lifted its position in shares of Arcos Dorados Holdings by 46.8% during the 1st quarter. Kora Management LP now owns 2,196,643 shares of the restaurant operator’s stock worth $17,683,000 after purchasing an additional 700,000 shares during the last quarter. 36.65% of the stock is owned by institutional investors and hedge funds.

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About Arcos Dorados Holdings

Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

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