AdvisorShares Investments LLC Makes New $374,000 Investment in Arcos Dorados Holdings Inc. (NYSE:ARCO)

AdvisorShares Investments LLC bought a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 46,000 shares of the restaurant operator’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Investment Partners LLC bought a new stake in shares of Arcos Dorados in the 4th quarter worth $268,000. Envestnet Asset Management Inc. grew its holdings in shares of Arcos Dorados by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 58,216 shares of the restaurant operator’s stock worth $339,000 after acquiring an additional 4,733 shares during the period. Boston Partners grew its holdings in shares of Arcos Dorados by 32.2% in the fourth quarter. Boston Partners now owns 196,541 shares of the restaurant operator’s stock worth $1,146,000 after acquiring an additional 47,827 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Arcos Dorados by 37.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 17,543 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 4,741 shares during the period. Finally, Long Focus Capital Management LLC bought a new stake in shares of Arcos Dorados in the fourth quarter worth $875,000. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bradesco Corretora raised Arcos Dorados from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, June 15th. StockNews.com raised Arcos Dorados from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $9.30.

Arcos Dorados Price Performance

NYSE ARCO opened at $7.87 on Friday. The company has a market capitalization of $1.66 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.43 and a beta of 1.20. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.78 and a current ratio of 0.84. The business’s fifty day moving average is $7.03 and its 200 day moving average is $7.21. Arcos Dorados Holdings Inc. has a fifty-two week low of $4.33 and a fifty-two week high of $8.44.

Arcos Dorados (NYSE:ARCO – Get Rating) last released its earnings results on Wednesday, May 18th. The restaurant operator reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $787.30 million for the quarter, compared to the consensus estimate of $731.07 million. Arcos Dorados had a return on equity of 50.06% and a net margin of 3.45%. During the same period in the previous year, the business earned ($0.14) earnings per share. Sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.53 earnings per share for the current year.

Arcos Dorados Profile

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Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. The company 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.