The stock of Arcos Dorados Holding Inc (NYSE:ARCO) is a huge mover today! The stock increased 6.47% or $0.21 on April 8, hitting $3.54. About 294,278 shares traded hands. Arcos Dorados Holding Inc (NYSE:ARCO) has declined 11.50% since September 2, 2015 and is downtrending. It has underperformed by 16.57% the S&P500. The move comes after 6 months positive chart setup for the $709.11 million company. It was reported on Apr, 9 by Barchart.com. We have $4.89 PT which if reached, will make NYSE:ARCO worth $269.46M more.
Out of 5 analysts covering Arcos Dorados Holdings Inc. (NYSE:ARCO), 1 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Arcos Dorados Holdings Inc. was the topic in 2 analyst reports since August 12, 2015 according to StockzIntelligence Inc.
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, Curacao, 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.”
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