Arcos Dorados (NYSE:ARCO) Rating Lowered to C at TheStreet

Arcos Dorados (NYSE:ARCO) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Tuesday, April 30th, TheStreetRatingsTable reports.

A number of other equities research analysts have also weighed in on the stock. Bank of America reaffirmed an “underperform” rating on shares of Arcos Dorados in a research note on Tuesday, January 22nd. ValuEngine lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.

NYSE:ARCO traded down $0.20 during trading hours on Tuesday, reaching $6.05. The company’s stock had a trading volume of 512,900 shares, compared to its average volume of 439,323. The stock has a market cap of $1.32 billion, a PE ratio of 33.61 and a beta of 0.99. Arcos Dorados has a 1 year low of $6.02 and a 1 year high of $9.22. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.59.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $731.00 million during the quarter. Arcos Dorados had a return on equity of 12.15% and a net margin of 1.64%. Sell-side analysts anticipate that Arcos Dorados will post 0.29 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moerus Capital Management LLC boosted its stake in Arcos Dorados by 2.0% during the first quarter. Moerus Capital Management LLC now owns 5,749,674 shares of the restaurant operator’s stock worth $41,225,000 after acquiring an additional 112,028 shares in the last quarter. INCA Investments LLC boosted its stake in Arcos Dorados by 22.8% during the first quarter. INCA Investments LLC now owns 5,420,280 shares of the restaurant operator’s stock worth $38,863,000 after acquiring an additional 1,004,780 shares in the last quarter. Morgan Stanley boosted its stake in Arcos Dorados by 7.0% during the first quarter. Morgan Stanley now owns 4,997,042 shares of the restaurant operator’s stock worth $35,828,000 after acquiring an additional 326,588 shares in the last quarter. Norges Bank bought a new stake in Arcos Dorados during the fourth quarter worth about $10,211,000. Finally, Half Sky Capital UK Ltd bought a new stake in Arcos Dorados during the fourth quarter worth about $9,009,000. 40.29% of the stock is currently owned by hedge funds and other institutional investors.

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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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