Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Bought by Americana Partners LLC

Americana Partners LLC raised its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 24.5% during the third quarter, HoldingsChannel.com reports. The firm owned 21,426 shares of the restaurant operator’s stock after buying an additional 4,222 shares during the period. Americana Partners LLC’s holdings in Arcos Dorados were worth $187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Arcos Dorados by 2.4% in the first quarter. BNP Paribas Financial Markets now owns 1,612,824 shares of the restaurant operator’s stock valued at $17,935,000 after buying an additional 37,218 shares during the last quarter. Nordea Investment Management AB boosted its stake in Arcos Dorados by 33.5% in the 1st quarter. Nordea Investment Management AB now owns 458,355 shares of the restaurant operator’s stock worth $5,129,000 after purchasing an additional 115,118 shares in the last quarter. TimesSquare Capital Management LLC grew its position in Arcos Dorados by 25.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,466,000 shares of the restaurant operator’s stock worth $16,302,000 after purchasing an additional 301,020 shares during the last quarter. Sei Investments Co. increased its stake in Arcos Dorados by 7.9% during the 1st quarter. Sei Investments Co. now owns 148,038 shares of the restaurant operator’s stock valued at $1,646,000 after purchasing an additional 10,895 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Arcos Dorados by 0.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 936,912 shares of the restaurant operator’s stock worth $10,419,000 after buying an additional 4,418 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Shares of NYSE ARCO opened at $8.48 on Friday. The company has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $9.54. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.71 and a beta of 1.17. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52. Arcos Dorados Holdings Inc. has a 12 month low of $8.08 and a 12 month high of $13.20.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that Arcos Dorados Holdings Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

Arcos Dorados Company 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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.