Arcos Dorados (NYSE:ARCO – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Other equities analysts have also issued research reports about the company. TheStreet upgraded Arcos Dorados from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Jefferies Financial Group assumed coverage on Arcos Dorados in a research report on Friday, December 1st. They issued a “buy” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.38.
View Our Latest Stock Report on ARCO
Arcos Dorados Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in Arcos Dorados in the 4th quarter worth approximately $441,000. FIL Ltd increased its position in Arcos Dorados by 56.5% in the 4th quarter. FIL Ltd now owns 7,801,467 shares of the restaurant operator’s stock worth $99,001,000 after buying an additional 2,817,276 shares during the period. Price T Rowe Associates Inc. MD increased its position in Arcos Dorados by 30.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,650,801 shares of the restaurant operator’s stock worth $33,639,000 after buying an additional 613,922 shares during the period. Wolverine Trading LLC bought a new position in Arcos Dorados in the 4th quarter worth approximately $299,000. Finally, Oberweis Asset Management Inc. increased its position in Arcos Dorados by 29.3% in the 4th quarter. Oberweis Asset Management Inc. now owns 30,000 shares of the restaurant operator’s stock worth $381,000 after buying an additional 6,800 shares during the period. 55.91% of the stock is 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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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