Private Management Group Inc. Buys 815,198 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Private Management Group Inc. increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 34.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,167,857 shares of the restaurant operator’s stock after purchasing an additional 815,198 shares during the period. Private Management Group Inc. owned about 1.50% of Arcos Dorados worth $23,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emeth Value Capital LLC acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at about $11,190,000. Franklin Resources Inc. bought a new position in Arcos Dorados during the third quarter worth about $12,101,000. Managed Asset Portfolios LLC bought a new stake in shares of Arcos Dorados in the 3rd quarter valued at approximately $7,389,000. Fiera Capital Corp acquired a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $3,743,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Arcos Dorados in the 4th quarter worth approximately $2,051,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of ARCO stock opened at $7.87 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The stock’s fifty day simple moving average is $7.61 and its 200 day simple moving average is $8.53. Arcos Dorados Holdings Inc. has a one year low of $7.02 and a one year high of $12.47. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 11.24 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts expect 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.