McDonald’s Corp. (NYSE: MCD) is just below its all-time highs after reporting its first-quarter earnings on Friday. As a result of these solid earnings, analysts have poured into the stock, most taking a very positive view. 24/7 Wall St. has included some of the highlights from the earnings report as well as what some analysts are saying about the golden arches.

The fast-food giant said it had $1.23 in earnings per share (EPS) on $5.90 billion in revenue. Thomson Reuters consensus estimates had called for $1.16 in EPS on revenue of $5.82 billion. In the same period of last year, the company posted EPS of $1.01 and $5.96 billion in revenue.

Global comparable sales increased 6.2% in the quarter, as well as consolidated revenues decreasing 1%, but increasing 3% in constant currencies.

In the United States, first-quarter comparable sales increased 5.4%, fueled by the ongoing popularity of All Day Breakfast and the introduction of McPick 2 branded national value platform.

In the High Growth segment, first-quarter comparable sales increased 3.6%, led by strong comparable sales performance in China and positive performance across various other markets, including Russia.

In terms of its segments, the company reported $3.75 billion in sales by company-operated restaurants, while revenues from franchised restaurants totaled $2.15 billion.

A few analysts weighed in on McDonald’s after the company reported its earnings:

• BTIG Research reiterated a Buy rating with a $137 price target.
• Cowen has a Market Perform rating and raised its price target to $127 from $125.
• Deutsche Bank reiterated a Buy rating with a $140 price target.
• Jefferies has a Neutral rating with a $115 price target.
• Nomura has a Buy rating and raised its price target to $142 from $138.
• RBC Capital has an Outperform rating and raised its price target from $135 to $140.

So far in 2016, McDonald’s has outperformed the broad markets, with the stock up 7%. Over the past 52 weeks, the stock is up 33%, and it is the best Dow performer in this time frame.

Shares of McDonald’s were last trading up 0.4% at $126.04 Monday morning, with a consensus analyst price target of $129.59 and a 52-week trading range of $87.50 to $129.80.

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