TimesSquare Capital Management LLC Has $4.03 Million Stock Position in Arcos Dorados Holdings Inc. $ARCO

TimesSquare Capital Management LLC trimmed its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 549,322 shares of the restaurant operator’s stock after selling 107,430 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Arcos Dorados were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $45,000. Aquatic Capital Management LLC bought a new position in Arcos Dorados in the 3rd quarter valued at $53,000. Tudor Investment Corp ET AL bought a new position in Arcos Dorados in the 3rd quarter valued at $73,000. Tower Bridge Advisors acquired a new position in Arcos Dorados in the third quarter worth $75,000. Finally, Arkadios Wealth Advisors acquired a new position in Arcos Dorados in the third quarter worth $76,000. 55.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARCO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Arcos Dorados in a research note on Monday, April 27th. Wall Street Zen lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Arcos Dorados in a research note on Wednesday, April 8th. Finally, Santander raised Arcos Dorados to an “outperform” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Arcos Dorados currently has an average rating of “Hold” and an average target price of $8.70.

Arcos Dorados Stock Down 2.8%

NYSE:ARCO opened at $8.07 on Wednesday. The stock’s fifty day moving average price is $8.46 and its two-hundred day moving average price is $7.99. Arcos Dorados Holdings Inc. has a 52-week low of $6.51 and a 52-week high of $9.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.95 and a current ratio of 1.03. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 3.01 and a beta of 0.47.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Thursday, March 19th. The restaurant operator reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Arcos Dorados had a net margin of 4.53% and a return on equity of 8.12%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.68 EPS for the current year.

Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Wednesday, December 23rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, December 23rd. Arcos Dorados’s dividend payout ratio (DPR) is presently 23.76%.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.