Hedges Asset Management LLC Has $2.46 Million Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Hedges Asset Management LLC lifted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,500 shares of the restaurant operator’s stock after buying an additional 7,000 shares during the period. Arcos Dorados comprises approximately 1.6% of Hedges Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Hedges Asset Management LLC’s holdings in Arcos Dorados were worth $2,464,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its position in Arcos Dorados by 431.0% during the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 2,629 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Arcos Dorados during the second quarter valued at about $93,000. Magnetar Financial LLC bought a new stake in shares of Arcos Dorados during the second quarter worth about $150,000. Bfsg LLC grew its holdings in shares of Arcos Dorados by 13.8% during the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Navellier & Associates Inc. increased its stake in shares of Arcos Dorados by 26.8% in the third quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 4,342 shares during the period. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Stock Down 2.0 %

NYSE:ARCO opened at $7.18 on Friday. Arcos Dorados Holdings Inc. has a one year low of $7.02 and a one year high of $13.20. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market cap of $1.51 billion, a PE ratio of 10.26 and a beta of 1.13. The firm’s 50 day simple moving average is $7.76 and its 200 day simple moving average is $8.66.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Arcos Dorados’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current year.

Arcos Dorados 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.