Arcos Dorados Holdings Inc. $ARCO Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,971 shares of the restaurant operator’s stock after acquiring an additional 8,112 shares during the quarter. Bleakley Financial Group LLC’s holdings in Arcos Dorados were worth $1,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Arcos Dorados during the first quarter valued at approximately $79,583,000. Pzena Investment Management LLC acquired a new position in shares of Arcos Dorados during the second quarter valued at approximately $51,549,000. Moerus Capital Management LLC increased its stake in shares of Arcos Dorados by 67.3% during the first quarter. Moerus Capital Management LLC now owns 3,552,013 shares of the restaurant operator’s stock valued at $28,629,000 after acquiring an additional 1,429,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Arcos Dorados by 3.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,402,735 shares of the restaurant operator’s stock valued at $27,426,000 after acquiring an additional 121,750 shares during the period. Finally, Fourth Sail Capital LP acquired a new position in shares of Arcos Dorados during the first quarter valued at approximately $26,746,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Down 0.2%

Arcos Dorados stock opened at $7.21 on Friday. The company has a 50 day moving average price of $6.94 and a 200 day moving average price of $7.26. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $9.33. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 3.38 and a beta of 0.60.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Arcos Dorados from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $10.50 to $8.80 in a report on Wednesday, July 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Arcos Dorados in a report on Friday. Finally, Wall Street Zen cut shares of Arcos Dorados from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $8.80.

About Arcos Dorados

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.