BNP Paribas Financial Markets Buys 37,218 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

BNP Paribas Financial Markets raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCOFree Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,612,824 shares of the restaurant operator’s stock after purchasing an additional 37,218 shares during the quarter. BNP Paribas Financial Markets owned 0.77% of Arcos Dorados worth $17,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ARCO. Activest Wealth Management acquired a new stake in shares of Arcos Dorados during the 1st quarter valued at about $30,000. Navellier & Associates Inc. boosted its position in shares of Arcos Dorados by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 15,050 shares of the restaurant operator’s stock valued at $191,000 after acquiring an additional 1,529 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Arcos Dorados during the 1st quarter valued at about $192,000. HBK Sorce Advisory LLC boosted its position in shares of Arcos Dorados by 29.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 3,971 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at about $236,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Trading Up 2.2 %

ARCO opened at $9.33 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.60. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The firm has a 50 day simple moving average of $9.85 and a 200 day simple moving average of $11.06. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $13.20.

Arcos Dorados (NYSE:ARCOGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Arcos Dorados had a return on equity of 38.57% and a net margin of 3.90%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.83.

View Our Latest Report on ARCO

Arcos Dorados Profile

(Free Report)

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.

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

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