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.

How to Become a New Pot Stock Millionaire

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.

Separately, Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arcos Dorados currently has an average rating of “Buy” and a consensus target price of $10.90.

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.

TRADEMARK VIOLATION WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/arcos-dorados-arco-announces-quarterly-earnings-results/1961132.html.

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.

Earnings History for Arcos Dorados (NYSE:ARCO)

Receive News & Ratings for Arcos Dorados Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados and related companies with MarketBeat.com's FREE daily email newsletter.