Arcos Dorados (NYSE:ARCO – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other brokerages also recently commented on ARCO. Jefferies Financial Group started coverage on Arcos Dorados in a report on Friday, December 1st. They set a “buy” rating and a $15.00 target price for the company. TheStreet upgraded Arcos Dorados from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Arcos Dorados has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.
Check Out Our Latest Stock Report on Arcos Dorados
Arcos Dorados Stock Performance
Hedge Funds Weigh In On Arcos Dorados
Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its position in shares of Arcos Dorados by 60.6% during the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 1,030 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Arcos Dorados during the second quarter valued at $32,000. Quarry LP boosted its position in shares of Arcos Dorados by 607.6% during the first quarter. Quarry LP now owns 4,260 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 3,658 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Arcos Dorados by 256.2% during the first quarter. Tower Research Capital LLC TRC now owns 6,640 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 4,776 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Arcos Dorados by 34.9% during the fourth quarter. Wells Fargo & Company MN now owns 7,358 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 1,902 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors.
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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