Clough Capital Partners L P Makes New Investment in Arcos Dorados Holdings Inc. $ARCO

Clough Capital Partners L P bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 147,294 shares of the restaurant operator’s stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings in shares of Arcos Dorados by 1,472,528.6% in the third quarter. Quantbot Technologies LP now owns 103,084 shares of the restaurant operator’s stock valued at $696,000 after purchasing an additional 103,077 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Arcos Dorados in the fourth quarter valued at about $771,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Arcos Dorados in the fourth quarter valued at about $771,000. Private Management Group Inc. raised its holdings in shares of Arcos Dorados by 6.2% in the third quarter. Private Management Group Inc. now owns 3,379,280 shares of the restaurant operator’s stock valued at $22,810,000 after purchasing an additional 196,282 shares during the last quarter. Finally, Dumac Inc. purchased a new stake in shares of Arcos Dorados in the fourth quarter valued at about $447,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

NYSE ARCO opened at $8.55 on Thursday. Arcos Dorados Holdings Inc. has a 52-week low of $6.51 and a 52-week high of $9.75. The company has a 50-day simple moving average of $8.72 and a 200 day simple moving average of $8.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.73 and a current ratio of 0.80. The company has a market capitalization of $1.80 billion, a PE ratio of 7.71 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts predict that Arcos Dorados Holdings Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARCO. Santander upgraded shares of Arcos Dorados to an “outperform” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Arcos Dorados currently has an average rating of “Hold” and a consensus target price of $8.70.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.