Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Arcos Dorados Holding Inc (NYSE:ARCO) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 680,143 shares of the restaurant operator’s stock after purchasing an additional 26,728 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.32% of Arcos Dorados worth $7,039,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Neuberger Berman Group LLC bought a new position in Arcos Dorados during the third quarter worth about $103,000. Virtu Financial LLC acquired a new stake in Arcos Dorados during the third quarter worth approximately $105,000. Stratos Wealth Partners LTD. acquired a new stake in Arcos Dorados during the third quarter worth approximately $110,000. Janney Montgomery Scott LLC acquired a new stake in Arcos Dorados during the third quarter worth approximately $125,000. Finally, Stevens Capital Management LP acquired a new stake in Arcos Dorados during the second quarter worth approximately $107,000. Institutional investors and hedge funds own 36.59% of the company’s stock.
Shares of Arcos Dorados Holding Inc (NYSE ARCO) opened at $9.35 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a market cap of $1,970.00, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.21 and a beta of 2.04. Arcos Dorados Holding Inc has a 1 year low of $5.60 and a 1 year high of $10.80.
Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Arcos Dorados from a “c+” rating to a “b” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, January 4th. HSBC assumed coverage on shares of Arcos Dorados in a research report on Wednesday, November 15th. They set a “buy” rating and a $12.00 price objective for the company. Finally, BidaskClub downgraded shares of Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Arcos Dorados currently has an average rating of “Buy” and an average target price of $10.90.
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Arcos Dorados Company Profile
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
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