Arcos Dorados (NYSE:ARCO - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
Arcos Dorados Stock Performance
Shares of NYSE:ARCO traded down $0.11 on Tuesday, hitting $8.19. The company had a trading volume of 1,110,525 shares, compared to its average volume of 1,282,871. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.69 and a beta of 1.09. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $8.25. Arcos Dorados has a 1-year low of $7.02 and a 1-year high of $11.49.
Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. Analysts expect that Arcos Dorados will post 0.63 EPS for the current year.
Institutional Trading of Arcos Dorados
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in shares of Arcos Dorados by 53.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 289,153 shares of the restaurant operator's stock worth $2,105,000 after acquiring an additional 100,461 shares in the last quarter. PharVision Advisers LLC bought a new stake in Arcos Dorados during the 4th quarter valued at $350,000. Voloridge Investment Management LLC lifted its position in Arcos Dorados by 3.6% in the 4th quarter. Voloridge Investment Management LLC now owns 900,088 shares of the restaurant operator's stock valued at $6,553,000 after acquiring an additional 31,010 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Arcos Dorados during the fourth quarter valued at approximately $223,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Arcos Dorados by 11.7% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 519,496 shares of the restaurant operator's stock valued at $3,782,000 after acquiring an additional 54,225 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.
Arcos Dorados Company Profile
(
Get Free Report)
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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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