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Top Ranked Growth Stocks to Buy for May 1st

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, May 1st:

Arcos Dorados Holdings Inc. (ARCO - Free Report) : This operator of a franchisee of McDonald's restaurants, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 2.7% over the last 60 days.

Arcos Dorados Holdings Inc. Price and Consensus

Arcos’ has a PEG ratio of 1.23, compared with 2.02 for the industry. The company possesses a Growth Score of A.

Arcos Dorados Holdings Inc. PEG Ratio (TTM)

Patrick Industries, Inc. (PATK - Free Report) : This distributor of building products and materials, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick has a PEG ratio of 0.99, compared with 1.07 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. PEG Ratio (TTM)

Ruth's Hospitality Group, Inc. : This restaurants franchiser under the Ruth's Chris Steak House name, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 10.6% over the last 60 days.

Ruth's Hospitality Group, Inc. Price and Consensus

Ruth's has a PEG ratio of 1.38, compared with 2.02 for the industry. The company possesses a Growth Score of A.

Ruth's Hospitality Group, Inc. PEG Ratio (TTM)

Urban Outfitters, Inc. (URBN - Free Report) : This lifestyle products and services company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 17.5% over the last 60 days.

Urban Outfitters, Inc. Price and Consensus

Urban Outfitters has a PEG ratio of 1.47, compared with 1.68 for the industry. The company possesses a Growth Score of A.

Urban Outfitters, Inc. PEG Ratio (TTM)

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Urban Outfitters, Inc. (URBN) - free report >>

Arcos Dorados Holdings Inc. (ARCO) - free report >>

Patrick Industries, Inc. (PATK) - free report >>