Arcos Dorados (NYSE:ARCO) released its quarterly earnings data on Wednesday. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04), MarketWatch Earnings reports. The business had revenue of $731.00 million for the quarter. Arcos Dorados had a return on equity of 12.15% and a net margin of 1.64%.
Arcos Dorados stock opened at $6.25 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 34.72 and a beta of 0.99. Arcos Dorados has a one year low of $6.05 and a one year high of $9.22. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.59.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 9th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.12 annualized dividend and a dividend yield of 1.92%. Arcos Dorados’s dividend payout ratio (DPR) is presently 111.11%.
ARCO has been the subject of a number of analyst reports. Bank of America restated 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. Finally, Zacks Investment Research upgraded shares of Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Thursday.
Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Arcos Dorados by 2,395.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,010 shares of the restaurant operator’s stock worth $1,226,000 after buying an additional 188,154 shares during the period. Legal & General Group Plc bought a new stake in shares of Arcos Dorados during the third quarter worth $185,000. Legato Capital Management LLC raised its stake in shares of Arcos Dorados by 21.2% during the fourth quarter. Legato Capital Management LLC now owns 486,338 shares of the restaurant operator’s stock worth $3,842,000 after buying an additional 85,022 shares during the last quarter. Inlet Private Wealth LLC bought a new stake in shares of Arcos Dorados during the 4th quarter valued at $807,000. Finally, INCA Investments LLC increased its holdings in Arcos Dorados by 49.3% in the fourth quarter. INCA Investments LLC now owns 4,415,500 shares of the restaurant operator’s stock valued at $34,882,000 after purchasing an additional 1,457,207 shares during the last quarter. 40.29% of the stock is owned by institutional investors.
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Arcos Dorados Company 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, 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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