RWA Wealth Partners LLC Invests $789,000 in Arcos Dorados Holdings Inc. $ARCO

RWA Wealth Partners LLC acquired a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the second quarter, HoldingsChannel.com reports. The fund acquired 100,000 shares of the restaurant operator’s stock, valued at approximately $789,000.

A number of other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Arcos Dorados during the first quarter worth about $73,000. R Squared Ltd increased its stake in shares of Arcos Dorados by 60.3% in the first quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 4,440 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in Arcos Dorados during the 2nd quarter worth $120,000. HighTower Advisors LLC boosted its holdings in shares of Arcos Dorados by 36.2% in the first quarter. HighTower Advisors LLC now owns 22,543 shares of the restaurant operator’s stock valued at $182,000 after acquiring an additional 5,987 shares in the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in shares of Arcos Dorados by 23.6% in the first quarter. Navellier & Associates Inc. now owns 27,500 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 5,242 shares during the period. 55.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings lowered Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Zacks Research cut shares of Arcos Dorados from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Arcos Dorados has an average rating of “Sell” and a consensus price target of $8.80.

Arcos Dorados Stock Up 0.9%

Shares of NYSE ARCO opened at $7.07 on Monday. The firm’s 50-day moving average is $6.97 and its 200-day moving average is $7.26. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 3.46 and a beta of 0.60. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62.

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

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.