Envestnet Asset Management Inc. Buys 191,560 Shares of Arcos Dorados Holdings Inc. $ARCO

Envestnet Asset Management Inc. boosted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 79.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,237 shares of the restaurant operator’s stock after acquiring an additional 191,560 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Arcos Dorados worth $3,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARCO. Itau Unibanco Holding S.A. acquired a new stake in shares of Arcos Dorados during the 1st quarter worth about $73,000. R Squared Ltd grew its stake in Arcos Dorados by 60.3% during the first quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator’s stock worth $95,000 after buying an additional 4,440 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in shares of Arcos Dorados during the second quarter worth approximately $120,000. HighTower Advisors LLC raised its stake in shares of Arcos Dorados by 36.2% in the first quarter. HighTower Advisors LLC now owns 22,543 shares of the restaurant operator’s stock valued at $182,000 after acquiring an additional 5,987 shares during the last quarter. Finally, Navellier & Associates Inc. boosted its holdings in shares of Arcos Dorados by 23.6% in the 1st quarter. Navellier & Associates Inc. now owns 27,500 shares of the restaurant operator’s stock worth $214,000 after acquiring an additional 5,242 shares in the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Arcos Dorados stock opened at $7.30 on Friday. The company has a market cap of $1.54 billion, a PE ratio of 11.58, a PEG ratio of 3.46 and a beta of 0.60. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $8.88. The company’s 50-day moving average is $7.01 and its two-hundred day moving average is $7.25.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. Arcos Dorados’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ARCO. Zacks Research cut Arcos Dorados from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their price target on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings cut shares of Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Arcos Dorados presently has an average rating of “Sell” and a consensus target price of $8.70.

Arcos Dorados Company 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.