Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. The company 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. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2021, it operated or franchised 2,261 restaurants. The company was founded in 2007 and is based in Montevideo, Uruguay.
Arcos Dorados Price Performance
Shares of ARCO opened at $7.36 on Wednesday. The firm has a market capitalization of $1.55 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21. The company's fifty day moving average price is $7.00 and its 200-day moving average price is $7.31. Arcos Dorados has a 1-year low of $4.33 and a 1-year high of $8.44. The company has a debt-to-equity ratio of 3.49, a current ratio of 0.86 and a quick ratio of 0.80.
Arcos Dorados (NYSE:ARCO - Get Rating) last posted its earnings results on Wednesday, August 10th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.43% and a return on equity of 52.60%. During the same quarter last year, the company earned $0.03 EPS. On average, equities research analysts predict that Arcos Dorados will post 0.53 EPS for the current year.
Analysts Set New Price Targets
Several research firms have issued reports on ARCO. StockNews.com raised shares of Arcos Dorados from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 31st. Bradesco Corretora raised shares of Arcos Dorados from a "neutral" rating to an "outperform" rating and set a $12.00 price objective on the stock in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Arcos Dorados has a consensus rating of "Buy" and a consensus price target of $9.30.