Clough Capital Partners L P Makes New Investment in Arcos Dorados Holdings Inc. $ARCO

Clough Capital Partners L P bought a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the fourth quarter, Holdings Channel.com reports. The firm bought 147,294 shares of the restaurant operator’s stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARCO. Global Retirement Partners LLC boosted its position in Arcos Dorados by 9,074.6% during the fourth quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 5,717 shares during the period. Quarry LP bought a new position in Arcos Dorados during the third quarter worth about $45,000. Aquatic Capital Management LLC bought a new position in Arcos Dorados during the third quarter worth about $53,000. Tudor Investment Corp ET AL bought a new position in Arcos Dorados during the third quarter worth about $73,000. Finally, Tower Bridge Advisors bought a new position in Arcos Dorados during the third quarter worth about $75,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

ARCO stock opened at $8.55 on Thursday. The firm has a 50 day moving average of $8.72 and a 200-day moving average of $8.20. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.25. Arcos Dorados Holdings Inc. has a 12 month low of $6.51 and a 12 month high of $9.75. The firm has a market capitalization of $1.80 billion, a P/E ratio of 7.71 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business earned $0.07 earnings per share. Arcos Dorados’s revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARCO. Weiss Ratings upgraded shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Santander upgraded shares of Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. The Goldman Sachs Group restated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Finally, Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.70.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.