According to a research note made available to investors on Tuesday, the price objective that The Goldman Sachs Group has established for Arcos Dorados (NYSE: ARCO) has been raised from $9.00 to $10.00. This information was provided to investors on Tuesday. The brokerage firm has assigned a “buy” rating to its shares, indicating that buyers should consider purchasing them. The target price that Goldman Sachs Group has set for the company suggests the potential for an increase of 29.37% higher than the stock’s most recent closing price.
Other experts in the field of equity research have recently issued studies on the stock. These papers were published not too long ago. In a research note published on Wednesday, June 15th, Bradesco Corretora improved its rating on Arcos Dorados from “neutral” to “outperform” in a research note. In addition, the firm set a price objective of $12.00 for the company. In a research report issued on May 31st, Bloomberg upped its recommendation on Arcos Dorados from “buy” to “strong-buy.” The information was on the company’s performance.
A total of five analysts have recommended purchasing the stock; one has provided a recommendation to buy the stock strongly, and one has provided a rating of hold for the stock. Most investors surveyed by Bloomberg currently have a “Buy” rating for the company, and their average price objective for the stock is $9.90. Bloomberg gave this information. Arcos Dorado’s shares were sold on Tuesday for $7.73 per share. Over the past year, the price of a pack of Arcos Dorados has ranged from as low as $4.33 to as high as $8.44. The stock price has a simple moving average of $7.09 for the past 50 days and a cost of $7.36 over the past 200 days. There is a ratio of 3.49 for the amount of debt to equity, a ratio of 0.80 for the quick ratio to the current ratio, and a ratio of 0.86 for the current ratio to the quick ratio.
Arcos Dorados (NYSE: ARCO) announced the outcomes of its most recent earnings report on August 10th, a Wednesday. The stock trades at a price that results in a price-to-earnings ratio of 14.59, a price-to-earnings-to-growth ratio of 0.46, and a beta value of 1.21. The market capitalization of the company is $1.63 billion. The restaurant operator reported a quarterly profit of $0.07 per share, which was significantly lower than the industry analysts’ consensus expectation of $0.13 per share, which was a difference of $0.06. The return on equity for Arcos Dorados was 52.60 percent, and the net margin for the company was 3.43 percent.
The company posted earnings of $0.03 per share during the same period the year before compared to the current year. According to the projections of market analysts, Arcos Dorados will produce a profit of $0.49 per share during the current fiscal year.Consequently, the proportions of the stock that institutional investors and hedge funds own have been rebalanced. The value of the new investment Capital Wealth Alliance LLC opened in Arcos Dorados during the second quarter was 36 thousand dollars. A financial investment of $66,000 was made in Arcos Dorados by Counterpoint Mutual Funds LLC during the first three months of the year.
During the second quarter, Cambridge Position Research Advisors Inc. took a new position in Arcos Dorados for a total value of $68,000. During the second quarter, Quantamental Technologies LLC provided Arcos Dorados with a donation of $85,000.
Last but not least, in the previous quarter of 2018, Advisor Group Holdings Inc. increased its holdings in Arcos Dorados by 37.0%. Following the purchase of an additional 4,741 shares during the most recent fiscal quarter, Advisor Group Holdings Inc. now has 17,543 shares of the restaurant operator’s stock, valued at $102,000. Institutional investors hold the company’s shares at 35.66%. Arcos Dorados Holdings Inc. is a firm that operates in the market as a McDonald’s franchisee.
The company owns McDonald’s restaurants, manages those restaurants, and awards franchises for those restaurants in twenty countries and territories in Latin America and the Caribbean.
Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, and the United States of America are among these countries and territories.