Arcos Dorados (NYSE:ARCO) Stock Rating Lowered by Wall Street Zen

Arcos Dorados (NYSE:ARCO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently commented on ARCO. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arcos Dorados in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Arcos Dorados in a research note on Wednesday, April 8th. Finally, Santander raised Arcos Dorados to an “outperform” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.70.

Arcos Dorados Stock Down 0.1%

Shares of NYSE ARCO opened at $9.22 on Friday. Arcos Dorados has a one year low of $6.51 and a one year high of $9.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.03 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $7.83. The stock has a market capitalization of $1.94 billion, a P/E ratio of 9.13, a PEG ratio of 3.29 and a beta of 0.48.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Thursday, March 19th. The restaurant operator reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). Arcos Dorados had a net margin of 4.53% and a return on equity of 8.12%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, analysts expect that Arcos Dorados will post 0.69 EPS for the current fiscal year.

Institutional Trading of Arcos Dorados

Institutional investors have recently made changes to their positions in the stock. Emeth Value Capital LLC lifted its stake in Arcos Dorados by 29.0% in the third quarter. Emeth Value Capital LLC now owns 1,973,667 shares of the restaurant operator’s stock worth $13,322,000 after acquiring an additional 443,327 shares during the period. Seafarer Capital Partners LLC lifted its stake in Arcos Dorados by 53.8% in the third quarter. Seafarer Capital Partners LLC now owns 400,000 shares of the restaurant operator’s stock worth $2,700,000 after acquiring an additional 140,000 shares during the period. General American Investors Co. Inc. lifted its stake in Arcos Dorados by 62.2% in the third quarter. General American Investors Co. Inc. now owns 700,178 shares of the restaurant operator’s stock worth $4,726,000 after acquiring an additional 268,484 shares during the period. Quantbot Technologies LP lifted its stake in Arcos Dorados by 1,472,528.6% in the third quarter. Quantbot Technologies LP now owns 103,084 shares of the restaurant operator’s stock worth $696,000 after acquiring an additional 103,077 shares during the period. Finally, Optimize Financial Inc purchased a new stake in Arcos Dorados in the third quarter worth $574,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.