Arcos Dorados (NYSE:ARCO) Rating Lowered to Hold at StockNews.com

Arcos Dorados (NYSE:ARCO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Arcos Dorados Price Performance

Shares of ARCO stock opened at $8.25 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market capitalization of $1.74 billion, a PE ratio of 11.78 and a beta of 1.09. The firm’s 50-day moving average is $7.95 and its two-hundred day moving average is $8.24. Arcos Dorados has a 12 month low of $7.02 and a 12 month high of $11.49.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Analysts predict that Arcos Dorados will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Arcos Dorados by 40.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator’s stock worth $98,015,000 after acquiring an additional 3,851,704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Arcos Dorados by 96.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator’s stock valued at $23,886,000 after purchasing an additional 1,606,821 shares during the period. Private Management Group Inc. lifted its stake in Arcos Dorados by 34.7% during the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after purchasing an additional 815,198 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Arcos Dorados by 88.1% during the fourth quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator’s stock worth $19,008,000 after buying an additional 1,223,260 shares during the period. Finally, Moerus Capital Management LLC grew its stake in shares of Arcos Dorados by 11.0% in the fourth quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator’s stock valued at $15,453,000 after buying an additional 210,133 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

About Arcos Dorados

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.