Independent Advisor Alliance Trims Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Independent Advisor Alliance reduced its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Rating) by 69.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,960 shares of the restaurant operator’s stock after selling 117,926 shares during the quarter. Independent Advisor Alliance’s holdings in Arcos Dorados were worth $431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARCO. Private Management Group Inc. acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at approximately $13,015,000. Globeflex Capital L P acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at approximately $3,785,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Arcos Dorados by 49.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 994,356 shares of the restaurant operator’s stock valued at $5,767,000 after acquiring an additional 330,000 shares in the last quarter. Hedges Asset Management LLC acquired a new stake in shares of Arcos Dorados during the 4th quarter valued at approximately $1,880,000. Finally, Redwood Investments LLC acquired a new stake in shares of Arcos Dorados during the 1st quarter valued at approximately $2,057,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Price Performance

Shares of NYSE ARCO opened at $7.87 on Friday. Arcos Dorados Holdings Inc. has a 1-year low of $4.33 and a 1-year high of $8.44. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.84 and a quick ratio of 0.78. The business’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $7.21. The firm has a market capitalization of $1.66 billion, a PE ratio of 16.40, a P/E/G ratio of 0.43 and a beta of 1.20.

Arcos Dorados (NYSE:ARCO – Get Rating) last released its quarterly earnings results on Wednesday, May 18th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Arcos Dorados had a return on equity of 50.06% and a net margin of 3.45%. The company had revenue of $787.30 million during the quarter, compared to analysts’ expectations of $731.07 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, research analysts expect that Arcos Dorados Holdings Inc. will post 0.53 EPS for the current year.

Arcos Dorados Profile

(Get Rating)

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.