Arcos Dorados Stock Forecast, Price & News

Arcos Dorados' stock was trading at $4.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARCO stock has decreased by 8.2% and is now trading at $4.23.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arcos Dorados in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Arcos Dorados is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020.
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Arcos Dorados Holding Inc (NYSE:ARCO) posted its quarterly earnings results on Wednesday, August, 12th. The restaurant operator reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.58) by $0.14. The restaurant operator earned $292.52 million during the quarter, compared to analysts' expectations of $259.41 million. Arcos Dorados had a negative return on equity of 27.65% and a negative net margin of 3.50%.
View Arcos Dorados' earnings history.

Arcos Dorados declared a quarterly dividend on Monday, March 9th. Investors of record on Monday, December 7th will be paid a dividend of $0.03 per share on Thursday, December 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, December 4th.
View Arcos Dorados' dividend history.

4 analysts have issued 12-month price targets for Arcos Dorados' shares. Their forecasts range from $5.50 to $6.00. On average, they anticipate Arcos Dorados' stock price to reach $5.83 in the next year. This suggests a possible upside of 37.9% from the stock's current price.
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Arcos Dorados saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,650,000 shares, a decrease of 25.7% from the August 15th total of 2,220,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is currently 1.6 days.
View Arcos Dorados' Short Interest.

Some companies that are related to Arcos Dorados include Cracker Barrel Old Country Store (CBRL), Papa John's Int'l (PZZA), Brinker International (EAT), Main Street Capital (MAIN), Jack in the Box (JACK), Bloomin' Brands (BLMN), Cheesecake Factory (CAKE), Dine Brands Global (DIN), Dave & Buster's Entertainment (PLAY), BJ's Restaurants (BJRI), Denny's (DENN), El Pollo LoCo (LOCO), Chuy's (CHUY), Ruth's Hospitality Group (RUTH) and Carrols Restaurant Group (TAST).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Arcos Dorados investors own include Wendys (WEN), Lowe's Companies (LOW), Pacific Drilling (PACDQ), Frontier Communications (FTR), Netflix (NFLX), Advanced Micro Devices (AMD), Alibaba Group (BABA), Ionis Pharmaceuticals (IONS), JPMorgan Chase & Co. (JPM) and Carnival (CCL).

Arcos Dorados trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARCO."

Arcos Dorados' stock is owned by many different retail and institutional investors. Top institutional investors include Nuveen Asset Management LLC (8.94%), Moerus Capital Management LLC (2.50%), Macquarie Group Ltd. (1.66%), Itau Unibanco Holding S.A. (0.49%), Sagil Capital LLP (0.47%) and Aperture Investors LLC (0.41%).

ARCO stock was sold by a variety of institutional investors in the last quarter, including Itau Unibanco Holding S.A., Marshall Wace North America L.P., Moerus Capital Management LLC, Macquarie Group Ltd., Charles Schwab Investment Management Inc., Two Sigma Advisers LP, Bank of America Corp DE, and River & Mercantile Asset Management LLP.

ARCO stock was bought by a variety of institutional investors in the last quarter, including Sagil Capital LLP, Aperture Investors LLC, O Keefe Stevens Advisory Inc., Ingalls & Snyder LLC, BTG Pactual Global Asset Management Ltd, Deltec Asset Management LLC, Marshall Wace LLP, and Auxier Asset Management.

Shares of ARCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ARCO stock can currently be purchased for approximately $4.23.

Arcos Dorados has a market capitalization of $874.70 million and generates $2.96 billion in revenue each year. The restaurant operator earns $79.90 million in net income (profit) each year or $0.38 on an earnings per share basis. Arcos Dorados employs 80,855 workers across the globe.

The official website for Arcos Dorados is www.arcosdorados.com.

Arcos Dorados' mailing address is Dr. Luis Bonavita 1294 Office 501, Montevideo X3, 11300. The restaurant operator can be reached via phone at 598 2626-3000 or via email at [email protected]