Price Action to Note: Arcos Dorados Holding Inc Stock Price Hits 52-Week High Today

Price Action to Note: Arcos Dorados Holding Inc Stock Price Hits 52 Week High Today

The stock of Arcos Dorados Holding Inc (NYSE:ARCO) hit a new 52-week high and has $8.61 target or 43.00% above today’s $6.02 share price. The 5 months bullish chart indicates low risk for the $1.33 billion company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $8.61 price target is reached, the company will be worth $571.90 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 105,500 shares traded hands. Arcos Dorados Holding Inc (NYSE:ARCO) has risen 117.22% since March 2, 2016 and is uptrending. It has outperformed by 108.96% the S&P500.

Analysts await Arcos Dorados Holding Inc (NYSE:ARCO) to report earnings on November, 2.

Arcos Dorados Holding Inc (NYSE:ARCO) Ratings Coverage

Out of 2 analysts covering Arcos Dorados Holdings Inc. (NYSE:ARCO), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Arcos Dorados Holdings Inc. has been the topic of 2 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Monday, December 7. The stock has “Neutral” rating given by Bank of America on Wednesday, August 12.

According to Zacks Investment Research, “Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in 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, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina.”

More notable recent Arcos Dorados Holding Inc (NYSE:ARCO) news were published by: Fool.com which released: “Why Arcos Dorados Holdings, Inc. Stock Fell 11% in August” on September 14, 2016, also Fool.com with their article: “Why Arcos Dorados Holdings, Inc. Stock Jumped 15% in July” published on August 02, 2016, Fool.com published: “Why Arcos Dorados Holdings, Inc. Tacked On Another 11% in April” on May 16, 2016. More interesting news about Arcos Dorados Holding Inc (NYSE:ARCO) were released by: Fool.com and their article: “Why Arcos Dorados Holding Inc. Stock Jumped Today” published on March 17, 2016 as well as Marketwatch.com‘s news article titled: “Arcos Dorados Holdings Inc. Cl A” with publication date: April 14, 2011.

ARCO Company Profile

Arcos Dorados Holdings Inc., incorporated on December 9, 2010, is a McDonald’s franchisee. The Firm owns, operates and grants franchises of McDonald’s restaurants in approximately 20 countries and territories in Latin America and the Caribbean. The Firm operates or franchises over 2,140 McDonald’s-branded restaurants. It operates in the Quick service restaurants (QSR) sub-segment of the fast food segment of the Latin American and Caribbean food service industry. The Firm divides its activities into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

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