Oliver Luxxe Assets LLC Acquires 15,786 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Oliver Luxxe Assets LLC boosted its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,924 shares of the restaurant operator’s stock after purchasing an additional 15,786 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Arcos Dorados were worth $778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARCO. Qube Research & Technologies Ltd grew its holdings in Arcos Dorados by 46.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 537,724 shares of the restaurant operator’s stock valued at $5,087,000 after buying an additional 169,590 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Arcos Dorados by 8.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,462,000 shares of the restaurant operator’s stock worth $13,831,000 after purchasing an additional 109,600 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Arcos Dorados by 30.5% in the 4th quarter. Nordea Investment Management AB now owns 343,237 shares of the restaurant operator’s stock worth $4,342,000 after purchasing an additional 80,182 shares during the period. Avalon Capital Management purchased a new position in shares of Arcos Dorados in the 4th quarter worth approximately $294,000. Finally, Raymond James & Associates boosted its holdings in shares of Arcos Dorados by 97.9% in the 4th quarter. Raymond James & Associates now owns 37,050 shares of the restaurant operator’s stock worth $470,000 after purchasing an additional 18,327 shares during the period. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

ARCO opened at $8.99 on Tuesday. The business has a fifty day moving average of $10.03 and a 200 day moving average of $11.17. Arcos Dorados Holdings Inc. has a 52-week low of $8.59 and a 52-week high of $13.20. The company has a quick ratio of 0.60, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.89 billion, a P/E ratio of 11.10, a PEG ratio of 1.57 and a beta of 1.21.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Arcos Dorados currently has an average rating of “Moderate Buy” and an average target price of $13.83.

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.