Stifel Financial Corp Acquires 8,690 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Stifel Financial Corp raised its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,007 shares of the restaurant operator’s stock after acquiring an additional 8,690 shares during the period. Stifel Financial Corp’s holdings in Arcos Dorados were worth $480,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fourth Sail Capital LP purchased a new position in Arcos Dorados in the second quarter worth about $16,463,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Arcos Dorados during the third quarter worth $1,557,000. Diamond Hill Capital Management Inc. bought a new position in shares of Arcos Dorados in the third quarter worth about $925,000. Marshall Wace LLP bought a new position in shares of Arcos Dorados in the second quarter worth about $7,128,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Arcos Dorados during the third quarter valued at approximately $698,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

ARCO opened at $7.29 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average price is $8.34 and its 200 day moving average price is $8.90. Arcos Dorados Holdings Inc. has a twelve month low of $7.20 and a twelve month high of $13.20. The firm has a market capitalization of $1.54 billion, a PE ratio of 10.41, a PEG ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Arcos Dorados’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, September 13th.

Arcos Dorados 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.