HighTower Advisors LLC Has $182,000 Stock Holdings in Arcos Dorados Holdings Inc. $ARCO

HighTower Advisors LLC raised its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 36.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,543 shares of the restaurant operator’s stock after purchasing an additional 5,987 shares during the period. HighTower Advisors LLC’s holdings in Arcos Dorados were worth $182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd boosted its holdings in shares of Arcos Dorados by 60.3% in the 1st quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 4,440 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Arcos Dorados during the 4th quarter worth $146,000. First Interstate Bank boosted its stake in Arcos Dorados by 74.7% in the first quarter. First Interstate Bank now owns 19,020 shares of the restaurant operator’s stock valued at $153,000 after buying an additional 8,135 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Arcos Dorados in the fourth quarter valued at about $154,000. Finally, D. E. Shaw & Co. Inc. grew its position in Arcos Dorados by 121.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 22,253 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 12,217 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $6.92 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $10.27. The company has a 50 day simple moving average of $7.22 and a two-hundred day simple moving average of $7.54. The company has a market capitalization of $1.46 billion, a PE ratio of 10.99, a P/E/G ratio of 1.33 and a beta of 0.63.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.22 billion. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut shares of Arcos Dorados from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $10.50 to $8.80 in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.80.

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.