Morgan Stanley assumed coverage on shares of Arcos Dorados (NYSE:ARCO) in a report issued on Friday, Briefing.com Automated Import reports. The brokerage issued an overweight rating and a $6.00 target price on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their target price on Arcos Dorados from $5.00 to $5.50 and gave the stock an overweight rating in a research report on Tuesday, June 2nd. Zacks Investment Research raised shares of Arcos Dorados from a sell rating to a hold rating in a research report on Wednesday, June 24th. Finally, ValuEngine raised shares of Arcos Dorados from a hold rating to a buy rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $7.25.

Shares of NYSE:ARCO opened at $4.22 on Friday. Arcos Dorados has a fifty-two week low of $2.96 and a fifty-two week high of $8.41. The business has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $5.56. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market cap of $812.20 million, a price-to-earnings ratio of 60.29 and a beta of 1.68.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, May 13th. The restaurant operator reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.30). Arcos Dorados had a return on equity of 4.29% and a net margin of 0.54%. The business had revenue of $617.50 million during the quarter, compared to analysts’ expectations of $564.02 million. As a group, research analysts predict that Arcos Dorados will post -0.72 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Arcos Dorados during the 4th quarter valued at about $38,000. Bank of America Corp DE grew its stake in shares of Arcos Dorados by 30.3% during the 4th quarter. Bank of America Corp DE now owns 10,315 shares of the restaurant operator’s stock valued at $84,000 after acquiring an additional 2,400 shares during the period. HighTower Advisors LLC bought a new position in shares of Arcos Dorados during the 1st quarter valued at approximately $38,000. Capital Asset Advisory Services LLC bought a new position in shares of Arcos Dorados during the 1st quarter valued at approximately $46,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Arcos Dorados during the 4th quarter valued at approximately $155,000. 36.91% of the stock is owned by hedge funds and other institutional investors.

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, CuraƧao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

Further Reading: How a Put Option Works

Receive News & Ratings for Arcos Dorados Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados and related companies with MarketBeat.com's FREE daily email newsletter.