Managed Asset Portfolios LLC Increases Position in Arcos Dorados Holdings Inc. $ARCO

Managed Asset Portfolios LLC raised its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,457,627 shares of the restaurant operator’s stock after purchasing an additional 62,317 shares during the period. Managed Asset Portfolios LLC owned 0.69% of Arcos Dorados worth $11,501,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Arcos Dorados in the 1st quarter worth approximately $73,000. R Squared Ltd raised its stake in Arcos Dorados by 60.3% during the first quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator’s stock valued at $95,000 after buying an additional 4,440 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Arcos Dorados in the second quarter worth $120,000. Olympiad Research LP bought a new stake in Arcos Dorados in the second quarter worth $140,000. Finally, HighTower Advisors LLC grew its stake 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 worth $182,000 after acquiring an additional 5,987 shares during the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARCO shares. Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered shares of Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Arcos Dorados from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Arcos Dorados has a consensus rating of “Sell” and an average target price of $8.70.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $7.29 on Wednesday. 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 cap of $1.53 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 3.46 and a beta of 0.60. The business has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.25. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $8.76.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current 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.