Arcos Dorados Holding Inc (NYSE:ARCO) shares hit a new 52-week low during trading on Friday . The company traded as low as $6.02 and last traded at $6.05, with a volume of 497934 shares changing hands. The stock had previously closed at $6.25.
ARCO has been the topic of a number of research reports. TheStreet lowered shares of Arcos Dorados from a “b-” rating to a “c” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Bank of America reiterated an “underperform” rating on shares of Arcos Dorados in a research note on Tuesday, January 22nd.
The stock has a market capitalization of $1.32 billion, a PE ratio of 33.61 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59.
Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). Arcos Dorados had a return on equity of 12.15% and a net margin of 1.64%. The business had revenue of $731.00 million for the quarter. As a group, equities research analysts forecast that Arcos Dorados Holding Inc will post 0.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.99%. Arcos Dorados’s payout ratio is presently 111.11%.
Several large investors have recently made changes to their positions in ARCO. Lindbrook Capital LLC bought a new position in Arcos Dorados in the 4th quarter worth $47,000. Henry James International Management Inc. purchased a new stake in shares of Arcos Dorados during the fourth quarter worth about $80,000. Quantamental Technologies LLC purchased a new stake in shares of Arcos Dorados during the first quarter worth about $85,000. Bank of America Corp DE grew its stake in shares of Arcos Dorados by 56.1% during the fourth quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4,993 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Arcos Dorados by 536.0% during the fourth quarter. Barclays PLC now owns 15,900 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 13,400 shares during the last quarter. Hedge funds and other institutional investors own 40.29% of the company’s stock.
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Arcos Dorados Company Profile (NYSE:ARCO)
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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