Arcos Dorados upgraded by BofA Securities with a new price target
$ARCO
Restaurants
Consumer Discretionary
BofA Securities upgraded Arcos Dorados from Neutral to Buy and set a new price target of $10.00 from $7.80 previously
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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 |
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
SCHEDULE 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SD - Arcos Dorados Holdings Inc. (0001508478) (Filer)
Total revenues of $1.1 billion established a new high for a third quarter. Systemwide comparable sales1 grew 32.1% year-over-year, with positive average check and guest volume contributing to the result. Digital channel sales (from Mobile App, Delivery and Self-order Kiosks) rose 16% versus the prior year period and represented 58% of systemwide sales in third quarter. Loyalty Program implemented in three markets, grew to 12.9 million registered members2. Consolidated Adjusted EBITDA1 was $125.0 million, with an 11.0% margin. Net Income was $35.2 million in the quarter, or $0.17 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin A
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
SC 13G - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
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
Luis Raganato Appointed Chief Executive Officer Marcelo Rabach to Remain a member of the Board of Directors 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, today announced its Board of Directors has appointed Luis Raganato as Arcos Dorados' new Chief Executive Officer, effective July 1, 2025. Mr. Raganato succeeds Marcelo Rabach, who decided to step down from the CEO position but will remain a member of the Company's Board of Directors. "Luis began his career with us in 1991, as a crew member in one of our restaurants in Córdoba, Argentina. By the time we app
Systemwide Comparable Sales1 grew 11.1% versus the prior year, contributing to total company revenues of $1.1 billion in the first quarter of 2025. Digital channel sales (from Mobile App, Delivery and Self-order Kiosks) rose 6.3% year-over-year in US dollars and contributed almost 60% of total systemwide sales in the quarter. The Loyalty Program had 18.8 million registered members at the end of the first quarter of 2025, across five available markets, and was recently introduced in a sixth market. Consolidated Adjusted EBITDA1 was $91.3 million and Net Income was $13.9 million, or $0.07 per share, in the first quarter of 2025. Net Debt to Adjusted EBITDA leverage ratio was 1.4x as
Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), hereby announces that on this date the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 (the "2024 Annual Report") with the Securities and Exchange Commission (the "SEC"). The 2024 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the SEC Filings section of the Company's investor relations website at ir.arcosdorados.com. In addition, shareholders may receive a hard copy of the Company's complete audited financial statements free of charge, by requesting a copy from: Investor Relations Contact Media Contact Dan Schleiniger David