The stock of Arcos Dorados Holding Inc (NYSE:ARCO) is a huge mover today! The stock decreased 2.73% or $0.17 on October 10, hitting $6.06. About 829,759 shares traded hands or 20.31% up from the average. Arcos Dorados Holding Inc (NYSE:ARCO) has risen 121.35% since March 7, 2016 and is uptrending. It has outperformed by 113.76% the S&P500.
The move comes after 9 months negative chart setup for the $1.28B company. It was reported on Oct, 10 by Barchart.com. We have $5.51 PT which if reached, will make NYSE:ARCO worth $115.20M less.
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 Bank of America given on Wednesday, August 12. Citigroup upgraded the stock to “Neutral” rating in Monday, December 7 report.
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, CuraÃ§ao, 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. Tacked On Another 11% in April” published on May 16, 2016, Fool.com published: “Why Arcos Dorados Holdings, Inc. Stock Jumped 15% in July” on August 02, 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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