78,304 Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO) Bought by West Tower Group LLC

West Tower Group LLC bought a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 78,304 shares of the restaurant operator's stock, valued at approximately $570,000. Arcos Dorados comprises approximately 1.3% of West Tower Group LLC's portfolio, making the stock its 20th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Emeth Value Capital LLC acquired a new stake in shares of Arcos Dorados in the 4th quarter valued at about $11,190,000. Franklin Resources Inc. acquired a new stake in Arcos Dorados in the third quarter worth approximately $12,101,000. Managed Asset Portfolios LLC acquired a new position in Arcos Dorados in the third quarter worth approximately $7,389,000. Private Management Group Inc. increased its position in shares of Arcos Dorados by 34.7% in the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock worth $23,062,000 after acquiring an additional 815,198 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in Arcos Dorados by 31.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock valued at $10,720,000 after acquiring an additional 353,700 shares in the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Price Performance

ARCO stock traded down $0.11 during midday trading on Friday, reaching $8.19. 1,110,525 shares of the company's stock traded hands, compared to its average volume of 1,282,871. Arcos Dorados Holdings Inc. has a 1-year low of $7.02 and a 1-year high of $11.49. The company has a 50-day simple moving average of $7.90 and a two-hundred day simple moving average of $8.25. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 11.69 and a beta of 1.09.

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Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. On average, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados's dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Arcos Dorados from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th.

Arcos Dorados Profile

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.