Arcos Dorados (NYSE:ARCO) Sees Large Volume Increase

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,206,352 shares traded hands during mid-day trading, an increase of 13% from the previous session's volume of 1,068,268 shares.The stock last traded at $10.84 and had previously closed at $10.84.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.38.

Arcos Dorados Stock Up 0.3 %

The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.90 and a beta of 1.26. The firm has a 50 day moving average price of $11.25 and a two-hundred day moving average price of $11.38.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The restaurant operator reported $0.27 EPS for the quarter. Arcos Dorados had a net margin of 4.18% and a return on equity of 43.72%. The firm had revenue of $1.16 billion for the quarter. On average, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.95 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.24 annualized dividend and a yield of 2.21%. Arcos Dorados's dividend payout ratio is currently 28.24%.

Institutional Investors Weigh In On Arcos Dorados

Hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in Arcos Dorados by 60.6% in the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 1,030 shares in the last quarter. Activest Wealth Management acquired a new stake in Arcos Dorados during the 1st quarter valued at $30,000. Bfsg LLC purchased a new stake in Arcos Dorados during the 3rd quarter worth $186,000. Navellier & Associates Inc. increased its stake in Arcos Dorados by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 15,050 shares of the restaurant operator's stock worth $191,000 after buying an additional 1,529 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in Arcos Dorados in the 1st quarter worth $192,000. 55.91% 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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.