News

Fintel reports that on August 7, 2023, Barclays maintained coverage of Arcos Dorados Holdings Inc - (NYSE:ARCO) with a Overweight recommendation.

Analyst Price Forecast Suggests 12.79% Upside

As of August 2, 2023, the average one-year price target for Arcos Dorados Holdings Inc - is 12.13. The forecasts range from a low of 10.10 to a high of $15.75. The average price target represents an increase of 12.79% from its latest reported closing price of 10.75.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Arcos Dorados Holdings Inc - is 3,773MM, a decrease of 1.20%. The projected annual non-GAAP EPS is 0.68.

What is the Fund Sentiment?

There are 215 funds or institutions reporting positions in Arcos Dorados Holdings Inc -. This is an increase of 12 owner(s) or 5.91% in the last quarter. Average portfolio weight of all funds dedicated to ARCO is 0.41%, a decrease of 18.98%. Total shares owned by institutions decreased in the last three months by 0.83% to 107,260K shares.

The put/call ratio of ARCO is 0.08, indicating a bullish outlook.

What are Other Shareholders Doing?

Nuveen Asset Management holds 15,705K shares representing 7.46% ownership of the company. No change in the last quarter.

Invesco holds 13,194K shares representing 6.27% ownership of the company. In it's prior filing, the firm reported owning 14,765K shares, representing a decrease of 11.91%. The firm decreased its portfolio allocation in ARCO by 92.73% over the last quarter.

GTDDX - INVESCO Developing Markets Fund holds 9,318K shares representing 4.42% ownership of the company. No change in the last quarter.

QCSTRX - Stock Account Class R1 holds 8,812K shares representing 4.18% ownership of the company. No change in the last quarter.

TEMRX - TIAA-CREF Emerging Markets Equity Fund Retail Class holds 6,893K shares representing 3.27% ownership of the company. No change in the last quarter.

Arcos Dorados Holdings Background Information
(This description is provided by the company.)

Arcos Dorados is the world's largest independent McDonald's franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald's restaurants in 20 Latin

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This story originally appeared on Fintel.

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