Arcos Dorados Holdings upgraded by Credit Suisse with a new price target
$ARCO
Restaurants
Consumer Discretionary
Credit Suisse upgraded Arcos Dorados Holdings from Neutral to Outperform and set a new price target of $9.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/1/2023 | $15.00 | Buy | Jefferies |
| 9/27/2022 | $9.00 | Overweight | Barclays |
| 4/4/2022 | $8.00 | Buy → Hold | HSBC Securities |
| 3/24/2022 | $7.80 → $10.00 | Neutral → Buy | BofA Securities |
| 2/23/2022 | $9.50 | Neutral → Outperform | Credit Suisse |
| 1/19/2022 | $6.00 → $7.00 | Neutral → Buy | Goldman Sachs |
| 9/20/2021 | Buy → Neutral | BofA Securities | |
| 7/2/2021 | $8.00 → $8.50 | Overweight | JP Morgan |
Total revenues of $1.1 billion in the quarter, up 6.8% in US dollars versus the prior year period. Systemwide comparable sales¹ grew 40.8% year-over-year, including strong guest volume growth. Digital channels (Mobile App, Delivery and Self-order Kiosks) accounted for more than 57% of systemwide sales in the period, including 24% identified sales. Loyalty Program implemented in three markets, grew to 11.2 million registered members2. Consolidated Adjusted EBITDA¹ was $118.8 million, rising 7.9% year-over-year in US dollars. Net Income was $26.6 million in the second quarter, or $0.13 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), La
Total revenues reached $1.2 billion in the fourth quarter and $4.3 billion for the full year 2023, the Company's strongest US dollar results for both periods Systemwide comparable sales1 grew 32.4% in the fourth quarter and 34.6% in the full year 2023, up 1.1x and 1.3x blended inflation, respectively Digital channel sales (Mobile App, Delivery and Self-order Kiosks) contributed 53% of the fourth quarter's systemwide sales, including 21% identified sales Consolidated Adjusted EBITDA1 in the fourth quarter and full year were $132.6 million and $472.3 million, respectively, also the Company's strongest US dollar results for each period Net Income in the fourth quarter was $55.8 mi
Systemwide comparable sales¹ grew 37.3% year-over-year, supported by strong sales volume across all divisions Total revenues reached $1.1 billion in the quarter, up 22.1% in US dollars and 42.9% in constant currency, versus the prior year period Digital channel sales (Delivery, Mobile App and Self-order Kiosks) contributed 50% of systemwide sales, reaching $731.5 million Consolidated Adjusted EBITDA¹ was $129.1 million, up 25.8% in US dollars and 43.9% in constant currency Net Income reached $59.7 million, or $0.28 per share, up from $0.22 per share in the prior year quarter Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest
Jefferies initiated coverage of Arcos Dorados with a rating of Buy and set a new price target of $15.00
Barclays initiated coverage of Arcos Dorados with a rating of Overweight and set a new price target of $9.00
HSBC Securities downgraded Arcos Dorados from Buy to Hold and set a new price target of $8.00
SC 13G - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
Scheduled for: Wednesday, November 13, 2024 10:00 a.m. New York / 12:00 p.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the third quarter ended September 30, 2024, which will be released before the market opens on Wednesday, November 13, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Third Quarter 2024 Results Webcast. The link will also be available on the
Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, notified McDonald's (NYSE:MCD) that it will exercise its option to renew its Master Franchise Agreement ("MFA") with McDonald's. As previously disclosed, Arcos Dorados received a Renewal Notice from McDonald's, on August 1, 2024, to replace the parties' existing MFA with a new, 20-year MFA, to be effective as of January 1, 2025. On September 30, 2024, and in line with the current MFA's renewal procedures, Arcos Dorados provided notice to McDonald's of its intention to exercise its Renewal Option. The parties are now
Total revenues of $1.1 billion in the quarter, up 6.8% in US dollars versus the prior year period. Systemwide comparable sales¹ grew 40.8% year-over-year, including strong guest volume growth. Digital channels (Mobile App, Delivery and Self-order Kiosks) accounted for more than 57% of systemwide sales in the period, including 24% identified sales. Loyalty Program implemented in three markets, grew to 11.2 million registered members2. Consolidated Adjusted EBITDA¹ was $118.8 million, rising 7.9% year-over-year in US dollars. Net Income was $26.6 million in the second quarter, or $0.13 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), La
Scheduled for: Wednesday, November 13, 2024 10:00 a.m. New York / 12:00 p.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the third quarter ended September 30, 2024, which will be released before the market opens on Wednesday, November 13, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Third Quarter 2024 Results Webcast. The link will also be available on the
Scheduled for: Wednesday, August 14, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the second quarter ended June 30, 2024, which will be released before the market opens on Wednesday, August 14, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Second Quarter 2024 Results Webcast. The link will also be available on the Events
Scheduled for: Wednesday, May 15, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the first quarter ended March 31, 2024, which will be released before the market opens on Wednesday, May 15, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados First Quarter 2024 Results Webcast. The link will also be available on the Events secti
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Greed” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a record high level during the session. On the economic data front, U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%. Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago. U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March. Yields on the benchmark 10-year and 2-year Treasurys moved lower follo
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Wednesday. The Dow traded up 0.68% to 39,827.63 while the NASDAQ rose 1.29% to 16,723.91. The S&P 500 also rose, gaining, 1.03% to 5,300.57. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Materials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsUtilities shares rose by 1.5% on Wednesday. In trading on Wednesday, energy shares fell by 0.8%. Top Headline Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) fell around 5% on Wednesday after reporting results for its first quarter The company reported total revenues of $1.081 billion in the first quar
Arcos Dorados Holdings Inc. (NYSE:ARCO) shares are trading lower in the morning session on Wednesday. The company reported total revenues of $1.081 billion in the first quarter, up 9.1% versus the prior year. Quarterly sales marginally beat the analyst consensus of $1.020 billion. Systemwide comparable sales grew 38.6% in the first quarter, supported by the twelfth consecutive quarter of guest volume growth. Digital channels (Mobile App, Delivery, and Self-order Kiosks) generated 55% of systemwide sales in the period, including 22% identified sales. Consolidated Adjusted EBITDA in the quarter under review was $108.9 million, rising 8.4% year-over-year. Adjusted EBITDA margin expande