Bleakley Financial Group LLC Increases Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Bleakley Financial Group LLC increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,707 shares of the restaurant operator’s stock after purchasing an additional 15,951 shares during the quarter. Bleakley Financial Group LLC owned approximately 0.09% of Arcos Dorados worth $1,417,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management grew its stake in Arcos Dorados by 27.2% in the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 1,540 shares during the period. Squarepoint Ops LLC raised its position in shares of Arcos Dorados by 9.0% in the second quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 2,034 shares during the period. Bfsg LLC boosted its holdings in Arcos Dorados by 13.8% in the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock worth $163,000 after buying an additional 2,255 shares during the period. Verition Fund Management LLC grew its stake in Arcos Dorados by 6.2% in the 3rd quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator’s stock valued at $539,000 after buying an additional 3,588 shares in the last quarter. Finally, Aubrey Capital Management Ltd raised its holdings in Arcos Dorados by 14.4% during the 3rd quarter. Aubrey Capital Management Ltd now owns 28,676 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 3,618 shares during the period. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

Arcos Dorados stock opened at $7.90 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 11.29 and a beta of 1.13. Arcos Dorados Holdings Inc. has a one year low of $7.02 and a one year high of $12.16. 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 business has a fifty day moving average price of $7.61 and a 200-day moving average price of $8.52.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.61 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.