General American Investors Co. Inc. Buys 268,484 Shares of Arcos Dorados Holdings Inc. $ARCO

General American Investors Co. Inc. raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 62.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 700,178 shares of the restaurant operator’s stock after purchasing an additional 268,484 shares during the quarter. General American Investors Co. Inc. owned 0.33% of Arcos Dorados worth $4,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors purchased a new stake in shares of Arcos Dorados during the 3rd quarter valued at $76,000. Campbell & CO Investment Adviser LLC bought a new position in Arcos Dorados in the third quarter valued at $97,000. Mraz Amerine & Associates Inc. purchased a new stake in Arcos Dorados during the second quarter valued at about $120,000. Citizens Financial Group Inc. RI bought a new stake in Arcos Dorados during the third quarter worth about $139,000. Finally, Olympiad Research LP purchased a new position in shares of Arcos Dorados in the 2nd quarter worth about $140,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ARCO shares. Zacks Research raised Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Arcos Dorados in a research note on Monday, December 29th. Wall Street Zen raised shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.70.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $7.77 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.81 and a current ratio of 0.89. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $8.52. The firm has a market cap of $1.64 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 2.86 and a beta of 0.46. The business has a 50 day moving average price of $7.46 and a 200-day moving average price of $7.19.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arcos Dorados had a net margin of 5.39% and a return on equity of 20.42%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.