According to Zacks, “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, Curaçao, 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. “
Several other equities analysts have also recently commented on ARCO. Bank of America reissued an underperform rating on shares of Arcos Dorados in a research note on Tuesday, January 22nd. TheStreet cut shares of Arcos Dorados from a b- rating to a c rating in a research note on Tuesday, April 30th.
Shares of NYSE:ARCO opened at $6.30 on Wednesday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 27.22 and a beta of 0.99. Arcos Dorados has a fifty-two week low of $5.92 and a fifty-two week high of $9.22. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.70 and a current ratio of 0.77.
Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The firm had revenue of $731.00 million during the quarter. Arcos Dorados had a net margin of 1.64% and a return on equity of 12.41%. On average, research analysts expect that Arcos Dorados will post 0.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.12 annualized dividend and a yield of 1.90%. Arcos Dorados’s payout ratio is 111.11%.
Institutional investors have recently added to or reduced their stakes in the business. INCA Investments LLC grew its stake in shares of Arcos Dorados by 49.3% in the 4th quarter. INCA Investments LLC now owns 4,415,500 shares of the restaurant operator’s stock worth $34,882,000 after purchasing an additional 1,457,207 shares during the last quarter. Norges Bank acquired a new position in shares of Arcos Dorados in the 4th quarter worth approximately $10,211,000. Half Sky Capital UK Ltd acquired a new position in shares of Arcos Dorados in the 4th quarter worth approximately $9,009,000. Morgan Stanley grew its stake in shares of Arcos Dorados by 7.0% in the 1st quarter. Morgan Stanley now owns 4,997,042 shares of the restaurant operator’s stock worth $35,828,000 after purchasing an additional 326,588 shares during the last quarter. Finally, River & Mercantile Asset Management LLP grew its stake in shares of Arcos Dorados by 29.1% in the 4th quarter. River & Mercantile Asset Management LLP now owns 1,092,198 shares of the restaurant operator’s stock worth $8,634,000 after purchasing an additional 246,491 shares during the last quarter. 38.00% of the stock is currently owned by hedge funds and other institutional investors.
About Arcos Dorados
Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
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