TimesSquare Capital Management LLC Sells 297,020 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

TimesSquare Capital Management LLC lessened its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,164,980 shares of the restaurant operator’s stock after selling 297,020 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Arcos Dorados were worth $14,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARCO. DGS Capital Management LLC lifted its holdings in shares of Arcos Dorados by 6.5% in the fourth quarter. DGS Capital Management LLC now owns 60,648 shares of the restaurant operator’s stock worth $770,000 after buying an additional 3,693 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in Arcos Dorados by 29.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 3,971 shares in the last quarter. Hsbc Holdings PLC lifted its position in Arcos Dorados by 1.5% during the third quarter. Hsbc Holdings PLC now owns 313,398 shares of the restaurant operator’s stock valued at $2,968,000 after purchasing an additional 4,538 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Arcos Dorados by 0.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 968,196 shares of the restaurant operator’s stock valued at $12,286,000 after purchasing an additional 6,079 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Arcos Dorados by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 793,523 shares of the restaurant operator’s stock worth $10,070,000 after buying an additional 6,384 shares in the last quarter. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Trading Up 0.9 %

ARCO stock traded up $0.10 during mid-day trading on Friday, reaching $11.19. The company had a trading volume of 13,480 shares, compared to its average volume of 1,068,174. The firm has a 50 day moving average of $11.13 and a 200 day moving average of $11.45. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.72 and a quick ratio of 0.66. Arcos Dorados Holdings Inc. has a 12 month low of $8.32 and a 12 month high of $13.20. The company has a market capitalization of $2.36 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27.

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

Arcos Dorados Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, December 23rd. Arcos Dorados’s payout ratio is 28.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Arcos Dorados has a consensus rating of “Moderate Buy” and an average target price of $13.38.

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.