185,704 Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO) Purchased by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCOGet Rating) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 185,704 shares of the restaurant operator’s stock, valued at approximately $1,510,000.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Arcos Dorados by 8.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 58,216 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 4,733 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Arcos Dorados by 37.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 17,543 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 4,741 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Arcos Dorados in the 1st quarter valued at about $66,000. Pinnacle Associates Ltd. acquired a new stake in Arcos Dorados in the 4th quarter valued at about $68,000. Finally, Quattro Financial Advisors LLC acquired a new stake in Arcos Dorados in the 4th quarter valued at about $120,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARCO. HSBC cut shares of Arcos Dorados from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research note on Monday, April 4th. StockNews.com raised shares of Arcos Dorados from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 31st. Finally, Bradesco Corretora raised shares of Arcos Dorados from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $9.30.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $6.79 on Tuesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.15, a PEG ratio of 0.44 and a beta of 1.23. The company has a 50 day moving average price of $7.06 and a 200 day moving average price of $7.12. Arcos Dorados Holdings Inc. has a fifty-two week low of $4.33 and a fifty-two week high of $8.44.

Arcos Dorados (NYSE:ARCOGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The restaurant operator reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $787.30 million during the quarter, compared to analysts’ expectations of $731.07 million. Arcos Dorados had a net margin of 3.45% and a return on equity of 50.06%. During the same quarter last year, the company posted ($0.14) EPS. Equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.44 EPS for the current year.

Arcos Dorados Company Profile

(Get Rating)

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. The company 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.

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Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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