Arcos Dorados Holdings Inc. $ARCO Holdings Raised by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. grew its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 517,208 shares of the restaurant operator’s stock after acquiring an additional 10,961 shares during the quarter. Arcos Dorados makes up about 1.1% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 21st biggest position. O Keefe Stevens Advisory Inc.’s holdings in Arcos Dorados were worth $4,081,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARCO. Itau Unibanco Holding S.A. purchased a new stake in shares of Arcos Dorados during the first quarter valued at $73,000. R Squared Ltd lifted its holdings in shares of Arcos Dorados by 60.3% during the first quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 4,440 shares during the last quarter. First Interstate Bank lifted its holdings in shares of Arcos Dorados by 74.7% during the first quarter. First Interstate Bank now owns 19,020 shares of the restaurant operator’s stock valued at $153,000 after purchasing an additional 8,135 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Arcos Dorados by 36.2% during the first quarter. HighTower Advisors LLC now owns 22,543 shares of the restaurant operator’s stock valued at $182,000 after purchasing an additional 5,987 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in shares of Arcos Dorados by 23.6% during the first quarter. Navellier & Associates Inc. now owns 27,500 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 5,242 shares during the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Stock Down 0.2%

Shares of Arcos Dorados stock opened at $6.65 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $10.03. The stock has a 50-day moving average price of $6.93 and a 200 day moving average price of $7.35. The company has a market cap of $1.40 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.29 and a beta of 0.60.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

ARCO has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Arcos Dorados from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $10.50 to $8.80 in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Arcos Dorados in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.80.

About Arcos Dorados

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.