West Tower Group LLC Invests $570,000 in Arcos Dorados Holdings Inc. (NYSE:ARCO)

West Tower Group LLC acquired a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the fourth quarter, Holdings Channel.com reports. The fund acquired 78,304 shares of the restaurant operator’s stock, valued at approximately $570,000. Arcos Dorados accounts for approximately 1.3% of West Tower Group LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Private Management Group Inc. boosted its position in shares of Arcos Dorados by 34.7% in the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after purchasing an additional 815,198 shares in the last quarter. Perpetual Ltd boosted its position in shares of Arcos Dorados by 7.9% in the 4th quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator’s stock worth $12,857,000 after purchasing an additional 129,544 shares in the last quarter. Emeth Value Capital LLC acquired a new stake in shares of Arcos Dorados in the 4th quarter worth $11,190,000. TimesSquare Capital Management LLC boosted its position in shares of Arcos Dorados by 31.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator’s stock worth $10,720,000 after purchasing an additional 353,700 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Arcos Dorados in the 3rd quarter worth $12,101,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Tuesday.

Arcos Dorados Stock Down 3.5 %

Arcos Dorados stock opened at $8.13 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The business’s 50-day simple moving average is $7.85 and its two-hundred day simple moving average is $8.26. The company has a market cap of $1.71 billion, a PE ratio of 11.61 and a beta of 1.09. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $11.49.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 annualized dividend and a dividend yield of 2.95%. Arcos Dorados’s dividend payout ratio (DPR) is presently 33.33%.

Arcos Dorados 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.