Arcos Dorados (NYSE:ARCO) Lowered to “Hold” Rating by StockNews.com

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

Arcos Dorados Price Performance

Shares of Arcos Dorados stock opened at $8.06 on Wednesday. The company has a market cap of $1.70 billion, a PE ratio of 11.51 and a beta of 1.09. The business has a 50 day moving average of $7.92 and a 200 day moving average of $8.24. Arcos Dorados has a 52 week low of $7.02 and a 52 week high of $11.49. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion during 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%. As a group, equities research analysts forecast that Arcos Dorados will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management boosted its position in shares of Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 1,540 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Arcos Dorados in the 4th quarter worth about $54,000. Sanctuary Advisors LLC purchased a new stake in shares of Arcos Dorados in the 4th quarter worth about $90,000. Quarry LP grew its position in shares of Arcos Dorados by 273.6% in the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after buying an additional 8,863 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 1,830 shares in the last quarter. 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.