OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 70,715 Shares of Arcos Dorados Holdings Inc. $ARCO

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 12.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 661,072 shares of the restaurant operator’s stock after purchasing an additional 70,715 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Arcos Dorados were worth $5,216,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Arcos Dorados during the 1st quarter worth about $79,583,000. HighTower Advisors LLC grew its position in shares of Arcos Dorados by 36.2% during the 1st quarter. HighTower Advisors LLC now owns 22,543 shares of the restaurant operator’s stock worth $182,000 after buying an additional 5,987 shares in the last quarter. Boston Partners raised its holdings in shares of Arcos Dorados by 11.5% in the 1st quarter. Boston Partners now owns 254,519 shares of the restaurant operator’s stock valued at $2,051,000 after purchasing an additional 26,232 shares in the last quarter. Moerus Capital Management LLC boosted its stake in shares of Arcos Dorados by 67.3% during the first quarter. Moerus Capital Management LLC now owns 3,552,013 shares of the restaurant operator’s stock valued at $28,629,000 after purchasing an additional 1,429,338 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Arcos Dorados in the 1st quarter valued at $508,000. 55.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ARCO. Weiss Ratings lowered shares of Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Zacks Research upgraded Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. JPMorgan Chase & Co. lowered their price objective on Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arcos Dorados has a consensus rating of “Reduce” and a consensus price target of $8.70.

Arcos Dorados Trading Down 0.3%

Shares of NYSE:ARCO opened at $7.26 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. Arcos Dorados Holdings Inc. has a 52-week low of $6.51 and a 52-week high of $8.52. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 3.72 and a beta of 0.46. The business has a 50-day moving average price of $7.18 and a 200-day moving average price of $7.21.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Arcos Dorados had a net margin of 5.39% and a return on equity of 20.42%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company earned $0.17 EPS. Arcos Dorados’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current 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.