Goldman Sachs Maintains Buy on Arcos Dorados Holdings, Raises Price Target to $10
Goldman Sachs analyst Richard Cathcart maintains Arcos Dorados Holdings (NYSE:ARCO) with a Buy and raises the price target from $9 to $10.
Comps Growth & Expansion Efforts To Aid Chipotle (CMG)
Chipotle Mexican Grill, Inc. (NYSE: CMG) is benefiting from comps growth, strength in digital sales, rise in menu prices and new restaurant openings. In the past six months, shares of the company have gained 5.6%, against the industry's decline of 2.2%.
Earnings Scheduled For August 10, 2022
Companies Reporting Before The Bell
• Wix.com (NASDAQ:WIX) is estimated to report earnings for its second quarter.
Arcos Dorados Holdings Q1 EPS $0.12 Beats $0.06 Estimate, Sales $787.30M Beat $732.29M Estimate
Arcos Dorados Holdings (NYSE:ARCO) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.06 by 100 percent. This is a 185.71 percent increase over losses of $(0.14) per share from
Earnings Scheduled For May 18, 2022
Companies Reporting Before The Bell
• Sypris Solutions (NASDAQ:SYPR) is projected to report earnings for its first quarter.
10 Consumer Discretionary Stocks Moving In Tuesday’s Pre-Market Session
Gainers
Oriental Culture Holding (NASDAQ:OCG) stock rose 10.3% to $4.17 during Tuesday's pre-market session. The market value of their outstanding shares is at $87.7 million.
12 Consumer Discretionary Stocks Moving In Wednesday’s After-Market Session
Gainers
Traeger (NYSE:COOK) shares moved upwards by 5.0% to $7.63 during Wednesday's after-market session. The market value of their outstanding shares is at $900.9 million.
Why This Arcos Dorados Analyst Is Turning Bullish After Q4 Earnings
Arcos Dorados Holdings Inc (NYSE: ARCO) reported stronger-than-expected sales and achieved an impressive gross margin recovery in its fourth-quarter report, with “better operating leverage on leaner cost structures,” according to BofA Securities.
