Baker Ellis Asset Management LLC Increases Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Baker Ellis Asset Management LLC boosted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 21.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,500 shares of the restaurant operator’s stock after purchasing an additional 7,100 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Arcos Dorados were worth $295,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARCO. Franklin Resources Inc. purchased a new position in Arcos Dorados in the third quarter valued at approximately $12,101,000. Managed Asset Portfolios LLC acquired a new stake in Arcos Dorados in the third quarter valued at approximately $7,389,000. Marshall Wace LLP acquired a new stake in Arcos Dorados in the second quarter valued at approximately $7,128,000. Fiera Capital Corp acquired a new stake in Arcos Dorados in the third quarter valued at approximately $3,743,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Arcos Dorados in the fourth quarter valued at approximately $2,051,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Down 2.0 %

Shares of NYSE:ARCO opened at $7.18 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 52-week low of $7.02 and a 52-week high of $13.20. The company has a 50 day moving average of $7.76 and a two-hundred day moving average of $8.66. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.26 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.30 earnings per share. Arcos Dorados’s revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts forecast that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

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.