In yesterday’s Wall Street session, Arcos Dorados Holdings Inc. (NYSE:ARCO) shares traded at $8.43, up 2.43% from the previous session.
7 analysts cover Arcos Dorados Holdings Inc. (NYSE:ARCO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $9.00, we find $10.30. Given the previous closing price of $8.23, this indicates a potential upside of 25.15 percent. ARCO stock price is now 0.60% away from the 50-day moving average and 11.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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The stock has received a hold rating from 0 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $10.69 as their price target over the next twelve months.
With the price target of $9, Barclays recently initiated with Overweight rating for Arcos Dorados Holdings Inc. (NYSE: ARCO). On April 04, 2022, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $8, while ‘BofA Securities’ rates the stock as ‘Buy’.
A total of 3.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARCO stock. A new stake in Arcos Dorados Holdings Inc. shares was purchased by MIRABELLA FINANCIAL SERVICES LLP during the first quarter worth $4,588,000. HRT FINANCIAL LP invested $2,305,000 in shares of ARCO during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Arcos Dorados Holdings Inc. valued at approximately $1,255,000. JANE STREET GROUP, LLC acquired a new stake in ARCO for approximately $1,241,000. WALLEYE CAPITAL LLC purchased a new stake in ARCO valued at around $490,000 in the second quarter. In total, there are 173 active investors with 42.50% ownership of the company’s stock.
On Wednesday morning Arcos Dorados Holdings Inc. (NYSE: ARCO) stock kicked off with the opening price of $8.25. During the past 12 months, Arcos Dorados Holdings Inc. has had a low of $6.23 and a high of $9.04. As of last week, the company has a debt-to-equity ratio of 3.10, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for ARCO is $8.39 and a two-hundred day moving average price translates $7.57 for the stock.
The latest earnings results from Arcos Dorados Holdings Inc. (NYSE: ARCO) was released for Sep, 2022. According to the Restaurants Company, earnings per share came in at $0.23, beating analysts’ expectations of $0.1 by 0.13. This compares to $0.12 EPS in the same period last year. The net profit margin was 3.90% and return on equity was 57.50% for ARCO. The company reported revenue of $921.7 million for the quarter, compared to $725.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.99 percent. For the current quarter, analysts expect ARCO to generate $999.34M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/26/2022 were paid a $0.03 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.47% percent yield. There was an ex-dividend date of 12/22/2022 for this dividend. In terms of dividend payout ratio, ARCO is presently at 19.20%.
Arcos Dorados Holdings Inc.(ARCO) Company Profile
Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s restaurants. The company 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. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2021, it operated or franchised 2,261 restaurants. The company was founded in 2007 and is based in Montevideo, Uruguay.
