Arcos Dorados (NYSE:ARCO) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Arcos Dorados (NYSE:ARCO) from a buy rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

A number of other brokerages have also recently commented on ARCO. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on Diageo and gave the company a neutral rating in a report on Wednesday, July 10th. TheStreet cut UDR from a b rating to a c rating in a report on Tuesday, April 30th. Finally, Zacks Investment Research cut CGI from a buy rating to a hold rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Arcos Dorados currently has an average rating of Hold and a consensus price target of $8.50.

ARCO opened at $7.97 on Wednesday. The firm has a market cap of $1.64 billion, a PE ratio of 44.28 and a beta of 1.01. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 3.91. The stock has a 50 day moving average price of $7.20. Arcos Dorados has a 1-year low of $5.92 and a 1-year high of $9.22.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $731.00 million during the quarter. Arcos Dorados had a return on equity of 12.41% and a net margin of 1.64%. As a group, equities analysts expect that Arcos Dorados will post 0.29 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. SPX Equities Gestao de Recursos Ltda acquired a new position in shares of Arcos Dorados during the second quarter valued at about $3,885,000. O Keefe Stevens Advisory Inc. raised its position in shares of Arcos Dorados by 5.3% during the second quarter. O Keefe Stevens Advisory Inc. now owns 475,734 shares of the restaurant operator’s stock valued at $3,463,000 after buying an additional 24,130 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Arcos Dorados during the first quarter valued at about $465,000. Moerus Capital Management LLC raised its position in shares of Arcos Dorados by 2.0% during the first quarter. Moerus Capital Management LLC now owns 5,749,674 shares of the restaurant operator’s stock valued at $41,225,000 after buying an additional 112,028 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Arcos Dorados during the first quarter valued at about $368,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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

Featured Article: Moving Average Convergence Divergence (MACD)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.