Arcos Dorados (NYSE:ARCO) Shares Gap Up to $9.53

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s share price gapped up prior to trading on Monday . The stock had previously closed at $9.53, but opened at $9.80. Arcos Dorados shares last traded at $9.80, with a volume of 12,590 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday, May 24th.

Arcos Dorados Price Performance

The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The company’s 50-day moving average is $9.40 and its 200-day moving average is $10.60.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arcos Dorados

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates grew its stake in shares of Arcos Dorados by 97.9% during the fourth quarter. Raymond James & Associates now owns 37,050 shares of the restaurant operator’s stock valued at $470,000 after purchasing an additional 18,327 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Arcos Dorados by 6.5% in the 4th quarter. DGS Capital Management LLC now owns 60,648 shares of the restaurant operator’s stock valued at $770,000 after buying an additional 3,693 shares during the period. Van ECK Associates Corp raised its position in shares of Arcos Dorados by 0.8% during the fourth quarter. Van ECK Associates Corp now owns 793,523 shares of the restaurant operator’s stock worth $10,070,000 after acquiring an additional 6,384 shares during the last quarter. Fourth Sail Capital LP acquired a new position in shares of Arcos Dorados during the fourth quarter valued at $22,192,000. Finally, Sapient Capital LLC bought a new position in Arcos Dorados in the fourth quarter valued at about $3,513,000. Institutional investors own 55.91% of the company’s stock.

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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.