Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 26:

Arcos Dorados Holdings Inc. (ARCO Quick QuoteARCO - Free Report) : This franchisee of McDonald’s restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.

Arcos Dorados Holdings Inc. Price and Consensus

Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote

Arcos has a PEG ratio of 1.22 compared with 2.60 for the industry. The company possesses a Growth Score of A.

Arcos Dorados Holdings Inc. PEG Ratio (TTM)

Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote

Beacon Roofing Supply, Inc. : This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.

Beacon Roofing Supply, Inc. Price and Consensus

Beacon Roofing Supply, Inc. price-consensus-chart | Beacon Roofing Supply, Inc. Quote

Beacon has a PEG ratio of 1.29 compared with 1.86 for the industry. The company possesses a Growth Score of A.

Beacon Roofing Supply, Inc. PEG Ratio (TTM)

Beacon Roofing Supply, Inc. peg-ratio-ttm | Beacon Roofing Supply, Inc. Quote

8x8, Inc. (EGHT Quick QuoteEGHT - Free Report) : This provider of cloud-based, enterprise-class software solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

8x8 Inc Price and Consensus

8x8 Inc price-consensus-chart | 8x8 Inc Quote

8x8 has a PEG ratio of 0.29 comparedwith 0.36 for the industry. The company possesses a Growth Score of A.

8x8 Inc PEG Ratio (TTM)

8x8 Inc peg-ratio-ttm | 8x8 Inc Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.