Arcos Dorados Holdings Inc. (NYSE:ARCO) announced its earnings results on Wednesday. The restaurant operator reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.12, MarketWatch Earnings reports. Arcos Dorados Holdings had a return on equity of 28.58% and a net margin of 3.39%.

Shares of Arcos Dorados Holdings (NYSE ARCO) opened at 8.95 on Thursday. Arcos Dorados Holdings has a 52 week low of $4.56 and a 52 week high of $9.53. The stock’s 50 day moving average price is $8.31 and its 200-day moving average price is $7.72. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 18.65 and a beta of 2.16.

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Large investors have recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in shares of Arcos Dorados Holdings during the first quarter valued at $1,032,742,000. Teachers Advisors LLC raised its position in Arcos Dorados Holdings by 35.0% in the first quarter. Teachers Advisors LLC now owns 8,219,426 shares of the restaurant operator’s stock valued at $66,166,000 after buying an additional 2,128,725 shares during the period. Norges Bank purchased a new position in Arcos Dorados Holdings during the fourth quarter valued at approximately $8,304,000. Acadian Asset Management LLC raised its position in Arcos Dorados Holdings by 38.9% in the second quarter. Acadian Asset Management LLC now owns 4,800,113 shares of the restaurant operator’s stock valued at $35,761,000 after buying an additional 1,344,088 shares during the period. Finally, Glen Point Capital LLP purchased a new position in Arcos Dorados Holdings during the second quarter valued at approximately $6,164,000. 41.69% of the stock is currently owned by institutional investors and hedge funds.

ARCO has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, BidaskClub upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.83.

About Arcos Dorados Holdings

Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

Earnings History for Arcos Dorados Holdings (NYSE:ARCO)

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