Avantax Advisory Services Inc. Acquires New Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Avantax Advisory Services Inc. purchased a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,583 shares of the restaurant operator’s stock, valued at approximately $236,000.

A number of other large investors have also modified their holdings of the stock. Jump Financial LLC boosted its stake in shares of Arcos Dorados by 691.3% in the 4th quarter. Jump Financial LLC now owns 167,186 shares of the restaurant operator’s stock valued at $2,122,000 after buying an additional 146,059 shares during the period. Sapient Capital LLC acquired a new position in shares of Arcos Dorados during the fourth quarter worth $3,513,000. Fourth Sail Capital LP purchased a new position in Arcos Dorados in the fourth quarter valued at $22,192,000. Van ECK Associates Corp raised its stake in Arcos Dorados by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 793,523 shares of the restaurant operator’s stock valued at $10,070,000 after buying an additional 6,384 shares in the last quarter. Finally, DGS Capital Management LLC lifted its holdings in Arcos Dorados by 6.5% during the 4th quarter. DGS Capital Management LLC now owns 60,648 shares of the restaurant operator’s stock worth $770,000 after buying an additional 3,693 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $9.94 on Friday. Arcos Dorados Holdings Inc. has a 12 month low of $8.32 and a 12 month high of $13.20. The firm has a market capitalization of $2.09 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.71 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.66. The company’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.54.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Arcos Dorados had a return on equity of 38.57% and a net margin of 3.90%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.88 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, December 23rd. Arcos Dorados’s payout ratio is currently 29.63%.

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.