River & Mercantile Asset Management LLP increased its holdings in shares of Arcos Dorados Holding Inc (NYSE:ARCO) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 845,707 shares of the restaurant operator’s stock after acquiring an additional 76,582 shares during the period. River & Mercantile Asset Management LLP owned about 0.40% of Arcos Dorados worth $5,307,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARCO. Capstone Financial Advisors Inc. lifted its holdings in Arcos Dorados by 18.2% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 77,138 shares of the restaurant operator’s stock worth $536,000 after buying an additional 11,881 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in Arcos Dorados by 4.4% during the 2nd quarter. CIBC World Markets Inc. now owns 318,067 shares of the restaurant operator’s stock worth $2,211,000 after buying an additional 13,543 shares in the last quarter. FMR LLC lifted its holdings in Arcos Dorados by 23.6% during the 2nd quarter. FMR LLC now owns 91,331 shares of the restaurant operator’s stock worth $635,000 after buying an additional 17,436 shares in the last quarter. Rational Advisors LLC acquired a new position in Arcos Dorados during the 2nd quarter worth $124,000. Finally, Engineers Gate Manager LP lifted its holdings in Arcos Dorados by 90.7% during the 2nd quarter. Engineers Gate Manager LP now owns 68,559 shares of the restaurant operator’s stock worth $476,000 after buying an additional 32,614 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.
ARCO stock opened at $8.02 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $1.73 billion, a PE ratio of 17.85 and a beta of 1.26. Arcos Dorados Holding Inc has a twelve month low of $6.05 and a twelve month high of $10.50.
Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, November 14th. The restaurant operator reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $724.37 million for the quarter. Arcos Dorados had a return on equity of 21.96% and a net margin of 3.00%. On average, analysts expect that Arcos Dorados Holding Inc will post 0.28 earnings per share for the current fiscal year.
Several research firms have issued reports on ARCO. TheStreet downgraded Arcos Dorados from a “b-” rating to a “c+” rating in a report on Friday, August 31st. Zacks Investment Research raised Arcos Dorados from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Bank of America assumed coverage on Arcos Dorados in a report on Monday, October 22nd. They set a “buy” rating on the stock. Finally, ValuEngine raised Arcos Dorados from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st.
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, 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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