Arcos Dorados (ARCO) Announces Quarterly Earnings Results
Arcos Dorados (NYSE:ARCO) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $896.88 million for the quarter. Arcos Dorados had a net margin of 3.89% and a return on equity of 30.60%.
Shares of Arcos Dorados (NYSE:ARCO) opened at $9.60 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. Arcos Dorados has a 12-month low of $7.25 and a 12-month high of $10.80. The firm has a market cap of $2,036.84, a PE ratio of 15.82 and a beta of 1.86.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, April 5th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 29th.
Several institutional investors have recently modified their holdings of ARCO. Compass Group LLC acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at about $17,935,000. Investec Asset Management LTD boosted its position in shares of Arcos Dorados by 273.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,853,483 shares of the restaurant operator’s stock valued at $18,628,000 after acquiring an additional 1,356,816 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Arcos Dorados by 18.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,352,746 shares of the restaurant operator’s stock valued at $86,451,000 after acquiring an additional 1,295,941 shares in the last quarter. Carmignac Gestion acquired a new stake in shares of Arcos Dorados during the 3rd quarter valued at about $10,448,000. Finally, William Blair Investment Management LLC lifted its holdings in Arcos Dorados by 234.8% during the 4th quarter. William Blair Investment Management LLC now owns 859,579 shares of the restaurant operator’s stock valued at $8,897,000 after purchasing an additional 602,826 shares during the last quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.
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About Arcos Dorados
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
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