Arcos Dorados (NYSE:ARCO – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Arcos Dorados Stock Down 3.5 %
ARCO traded down $0.29 during trading on Tuesday, hitting $8.13. 1,164,197 shares of the company’s stock traded hands, compared to its average volume of 1,282,267. The company’s 50 day simple moving average is $7.85 and its two-hundred day simple moving average is $8.26. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. Arcos Dorados has a 12-month low of $7.02 and a 12-month high of $11.49. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.61 and a beta of 1.09.
Arcos Dorados (NYSE:ARCO – Get Free Report) last issued its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. Analysts predict that Arcos Dorados will post 0.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Arcos Dorados
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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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