Bleakley Financial Group LLC Acquires 15,951 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Bleakley Financial Group LLC boosted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,707 shares of the restaurant operator’s stock after acquiring an additional 15,951 shares during the quarter. Bleakley Financial Group LLC’s holdings in Arcos Dorados were worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management grew its holdings in shares of Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares in the last quarter. R Squared Ltd purchased a new position in Arcos Dorados in the 4th quarter worth approximately $54,000. Quarry LP increased its holdings in shares of Arcos Dorados by 273.6% in the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after buying an additional 8,863 shares during the last quarter. Bfsg LLC raised its position in shares of Arcos Dorados by 13.8% during the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 2,255 shares in the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in shares of Arcos Dorados by 26.8% during the 3rd quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 4,342 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Down 0.5 %

ARCO opened at $7.90 on Friday. The business’s fifty day simple moving average is $7.61 and its 200 day simple moving average is $8.52. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.16. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.66 billion, a PE ratio of 11.29 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. As a group, research analysts expect that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

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.