Bank of America began coverage on shares of Arcos Dorados (NYSE:ARCO) in a research note published on Monday morning, The Fly reports. The brokerage issued a buy rating on the restaurant operator’s stock.

A number of other brokerages have also issued reports on ARCO. Zacks Investment Research lowered Arcos Dorados from a hold rating to a sell rating in a research note on Thursday, August 9th. ValuEngine raised Arcos Dorados from a sell rating to a hold rating in a research note on Friday, July 6th. Finally, TheStreet lowered Arcos Dorados from a b- rating to a c+ rating in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Arcos Dorados currently has a consensus rating of Hold and a consensus price target of $10.00.

Shares of ARCO stock opened at $6.35 on Monday. Arcos Dorados has a 12-month low of $6.05 and a 12-month high of $10.80. The company has a market capitalization of $1.36 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.65. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.95.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $753.97 million during the quarter. Arcos Dorados had a return on equity of 21.03% and a net margin of 2.82%. Equities research analysts forecast that Arcos Dorados will post 0.28 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of ARCO. First Trust Bank Ltd. lifted its position in shares of Arcos Dorados by 13.2% during the 2nd quarter. First Trust Bank Ltd. now owns 498,487 shares of the restaurant operator’s stock valued at $3,464,000 after acquiring an additional 58,221 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Arcos Dorados during the 2nd quarter valued at $1,564,000. Globeflex Capital L P lifted its position in shares of Arcos Dorados by 94.8% during the 2nd quarter. Globeflex Capital L P now owns 220,284 shares of the restaurant operator’s stock valued at $1,531,000 after acquiring an additional 107,212 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Arcos Dorados by 10.2% during the 1st quarter. Royal Bank of Canada now owns 136,700 shares of the restaurant operator’s stock valued at $1,250,000 after acquiring an additional 12,691 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in shares of Arcos Dorados during the 2nd quarter valued at $712,000. 35.60% of the stock is owned by hedge funds and other 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, CuraƧao, 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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