Aubrey Capital Management Ltd Grows Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Aubrey Capital Management Ltd lifted its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 48.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,690 shares of the restaurant operator’s stock after buying an additional 14,014 shares during the period. Aubrey Capital Management Ltd’s holdings in Arcos Dorados were worth $310,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management grew its stake in shares of Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares during the last quarter. R Squared Ltd bought a new stake in Arcos Dorados during the 4th quarter valued at approximately $54,000. Quarry LP boosted its position in Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock valued at $106,000 after acquiring an additional 8,863 shares in the last quarter. Bfsg LLC boosted its position in shares of Arcos Dorados by 13.8% in the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 2,255 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in shares of Arcos Dorados by 26.8% in the 3rd quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 4,342 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Shares of ARCO opened at $7.90 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average price is $7.60 and its 200-day moving average price is $8.50. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.16. The stock has a market cap of $1.66 billion, a P/E ratio of 11.29 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

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.