Arcos Dorados Holdings Inc. (NYSE:ARCO) shares traded -1.26% lower at $10.19 on Wall Street last session.
In accordance with the data, 8 analysts cover Arcos Dorados Holdings Inc. (NYSE:ARCO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $12.00. Given the previous closing price of $10.32, this indicates a potential upside of 16.28 percent. ARCO stock price is now 14.70% away from the 50-day moving average and 26.55% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
It has been rated a hold by 0 analysts and a buy by 7. Brokers who have rated the stock have averaged $11.51 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).
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 DEPRINCE RACE & ZOLLO INC during the first quarter worth $3,636,000. RENAISSANCE GROUP LLC invested $2,025,000 in shares of ARCO during the first quarter. In the first quarter, ROCKEFELLER CAPITAL MANAGEMENT L.P. acquired a new stake in Arcos Dorados Holdings Inc. valued at approximately $1,633,000. BANCO BTG PACTUAL S.A. acquired a new stake in ARCO for approximately $1,022,000. VERDE SERVICOS INTERNACIONAIS S.A. purchased a new stake in ARCO valued at around $917,000 in the second quarter. In total, there are 183 active investors with 42.50% ownership of the company’s stock.
Arcos Dorados Holdings Inc. (NYSE: ARCO) opened at $10.26 on Thursday. During the past 12 months, Arcos Dorados Holdings Inc. has had a low of $6.23 and a high of $10.33. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 0.90, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $3.48B, which is based on a 14.00 price-to-earnings ratio, a 0.33 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for ARCO is $8.93 and a two-hundred day moving average price translates $8.07 for the stock.
The latest earnings results from Arcos Dorados Holdings Inc. (NYSE: ARCO) was released for Mar, 2023. According to the Restaurants Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.13 by 0.05. This compares to $0.12 EPS in the same period last year. The net profit margin was 4.00% and return on equity was 54.10% for ARCO. The company reported revenue of $990.79 million for the quarter, compared to $790.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.31 percent. For the current quarter, analysts expect ARCO to generate $1.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/28/2023. Investors who held shares on 09/25/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.22 dividend and a 2.16% percent yield. There was an ex-dividend date of 09/22/2023 for this dividend. In terms of dividend payout ratio, ARCO is presently at 22.00%.
Arcos Dorados Holdings Inc.(ARCO) 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. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The company was founded in 2007 and is based in Montevideo, Uruguay.
