Mraz Amerine & Associates Inc. Buys Shares of 15,165 Arcos Dorados Holdings Inc. $ARCO

Mraz Amerine & Associates Inc. bought a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 2nd quarter, Holdings Channel reports. The firm bought 15,165 shares of the restaurant operator’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ARCO. Nuveen LLC purchased a new stake in shares of Arcos Dorados in the first quarter valued at approximately $79,583,000. Fourth Sail Capital LP purchased a new stake in shares of Arcos Dorados in the first quarter valued at approximately $26,746,000. Moerus Capital Management LLC boosted its holdings in shares of Arcos Dorados by 67.3% in 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 purchasing an additional 1,429,338 shares during the period. Alta Fox Capital Management LLC purchased a new stake in shares of Arcos Dorados in the first quarter valued at approximately $9,033,000. Finally, General American Investors Co. Inc. purchased a new stake in shares of Arcos Dorados in the first quarter valued at approximately $3,076,000. Institutional investors own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARCO. Wall Street Zen upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lowered Arcos Dorados from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $10.50 to $8.80 in a report on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Arcos Dorados in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.80.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO opened at $6.70 on Wednesday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.31 and a beta of 0.60. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $10.03. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $6.92 and a 200 day moving average of $7.33.

Arcos Dorados (NYSE:ARCO) last issued 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. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.22 billion. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. Arcos Dorados’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 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.