Hunter Perkins Capital Management LLC Acquires Shares of 40,000 Arcos Dorados Holdings Inc. (NYSE:ARCO)

Hunter Perkins Capital Management LLC bought a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the restaurant operator’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hedges Asset Management LLC increased its holdings in Arcos Dorados by 2.1% during the 4th quarter. Hedges Asset Management LLC now owns 338,500 shares of the restaurant operator’s stock worth $2,464,000 after purchasing an additional 7,000 shares during the period. Baker Ellis Asset Management LLC grew its position in shares of Arcos Dorados by 21.3% during the 4th quarter. Baker Ellis Asset Management LLC now owns 40,500 shares of the restaurant operator’s stock worth $295,000 after buying an additional 7,100 shares in the last quarter. Perpetual Ltd raised its holdings in shares of Arcos Dorados by 7.9% in the fourth quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator’s stock valued at $12,857,000 after acquiring an additional 129,544 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in shares of Arcos Dorados by 2.2% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 504,189 shares of the restaurant operator’s stock valued at $3,670,000 after acquiring an additional 10,699 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Arcos Dorados during the 4th quarter worth about $2,051,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of ARCO opened at $7.32 on Monday. 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 company has a 50 day moving average price of $7.73 and a 200-day moving average price of $8.63. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $13.20. The stock has a market capitalization of $1.54 billion, a PE ratio of 10.45 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last posted its earnings results 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 return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict 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.