Arcos Dorados (NYSE:ARCO) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Arcos Dorados (NYSE:ARCO) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Arcos Dorados from a hold rating to a sell rating in a report on Wednesday, June 19th. Bradesco Corretora raised shares of Arcos Dorados from a neutral rating to an outperform rating and boosted their target price for the stock from $9.00 to $11.00 in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Arcos Dorados in a report on Wednesday, July 10th. They set an overweight rating and a $8.50 target price on the stock. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $9.75.

ARCO traded down $0.17 during trading on Thursday, reaching $6.67. 8,622 shares of the company’s stock were exchanged, compared to its average volume of 489,282. Arcos Dorados has a one year low of $5.92 and a one year high of $9.22. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 3.83. The stock has a market capitalization of $1.38 billion, a PE ratio of 36.78 and a beta of 1.19. The firm has a fifty day moving average price of $7.32 and a two-hundred day moving average price of $7.26.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Arcos Dorados had a return on equity of 14.97% and a net margin of 1.97%. The business had revenue of $723.75 million for the quarter, compared to the consensus estimate of $736.28 million. Sell-side analysts expect that Arcos Dorados will post 0.29 earnings per share for the current year.

Several large investors have recently bought and sold shares of ARCO. Citadel Advisors LLC bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $85,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $87,000. Virginia Retirement Systems ET AL bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $100,000. Bank of America Corp DE boosted its stake in shares of Arcos Dorados by 56.1% in the 4th quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 4,993 shares during the last quarter. Finally, Diligent Investors LLC bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $146,000. 37.67% of the stock is currently owned by institutional investors.

About Arcos Dorados

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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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