Arcos Dorados Holding Inc (NYSE:ARCO) declared a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Investors of record on Monday, December 9th will be given a dividend of 0.03 per share by the restaurant operator on Thursday, December 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, December 6th.
ARCO stock opened at $7.25 on Wednesday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 40.28 and a beta of 1.15. The company has a 50-day moving average of $7.43 and a two-hundred day moving average of $7.14. Arcos Dorados has a 52-week low of $5.92 and a 52-week high of $9.22. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.73 and a quick ratio of 0.65.
ARCO has been the topic of a number of recent analyst reports. ValuEngine upgraded Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Bank of America upgraded Arcos Dorados from an “underperform” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research raised Arcos Dorados from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Arcos Dorados has an average rating of “Buy” and a consensus price target of $9.33.
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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