O Keefe Stevens Advisory Inc. Purchases 10,699 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

O Keefe Stevens Advisory Inc. grew its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 504,189 shares of the restaurant operator’s stock after buying an additional 10,699 shares during the quarter. Arcos Dorados comprises about 1.1% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 23rd largest position. O Keefe Stevens Advisory Inc.’s holdings in Arcos Dorados were worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ARCO. Bank of New York Mellon Corp bought a new position in shares of Arcos Dorados during the second quarter valued at approximately $93,000. Envestnet Asset Management Inc. lifted its position in shares of Arcos Dorados by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 193,017 shares of the restaurant operator’s stock worth $1,737,000 after purchasing an additional 5,917 shares during the period. XTX Topco Ltd increased its position in shares of Arcos Dorados by 54.9% during the second quarter. XTX Topco Ltd now owns 44,843 shares of the restaurant operator’s stock valued at $404,000 after buying an additional 15,888 shares during the period. MQS Management LLC bought a new position in Arcos Dorados in the second quarter worth about $116,000. Finally, Magnetar Financial LLC purchased a new stake in Arcos Dorados in the second quarter worth about $150,000. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Arcos Dorados Stock Down 1.9 %

Shares of NYSE:ARCO opened at $7.15 on Friday. The stock has a 50 day moving average price of $7.87 and a 200-day moving average price of $8.71. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market capitalization of $1.51 billion, a P/E ratio of 10.21 and a beta of 1.13. Arcos Dorados Holdings Inc. has a 52-week low of $7.02 and a 52-week high of $13.20.

Arcos Dorados (NYSE:ARCO) last released 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.61 EPS for the current fiscal 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.