Alta Fox Capital Management LLC Buys New Shares in Arcos Dorados Holdings Inc. $ARCO

Key Points

• Alta Fox Capital Management LLC has acquired a new stake in Arcos Dorados Holdings Inc., purchasing 1,120,700 shares valued at approximately $9 million, making it the firm's 8th largest holding.
• Several other institutional investors, including American Trust Investment Advisors and PDT Partners, have also increased their stakes in Arcos Dorados during the first quarter, with institutional investors now holding 55.91% of the stock.
• Arcos Dorados reported earnings of $0.11 per share, exceeding analysts' estimates, but its revenue of $1.14 billion fell short of expectations. Analysts forecast an EPS of 0.63 for the current fiscal year.

Alta Fox Capital Management LLC bought a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,120,700 shares of the restaurant operator's stock, valued at approximately $9,033,000. Arcos Dorados comprises approximately 3.6% of Alta Fox Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Alta Fox Capital Management LLC owned approximately 0.53% of Arcos Dorados as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Deltec Asset Management LLC grew its holdings in shares of Arcos Dorados by 1.2% during the first quarter. Deltec Asset Management LLC now owns 168,538 shares of the restaurant operator's stock valued at $1,358,000 after purchasing an additional 2,000 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in Arcos Dorados by 0.4% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 506,247 shares of the restaurant operator's stock worth $4,080,000 after buying an additional 2,058 shares in the last quarter. Diligent Investors LLC grew its holdings in Arcos Dorados by 3.3% in the 4th quarter. Diligent Investors LLC now owns 72,478 shares of the restaurant operator's stock worth $528,000 after buying an additional 2,317 shares in the last quarter. Stifel Financial Corp grew its holdings in Arcos Dorados by 8.0% in the 4th quarter. Stifel Financial Corp now owns 59,414 shares of the restaurant operator's stock worth $433,000 after buying an additional 4,407 shares in the last quarter. Finally, R Squared Ltd grew its holdings in Arcos Dorados by 60.3% in the 1st quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator's stock worth $95,000 after buying an additional 4,440 shares in the last quarter. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

ARCO traded up $0.08 during trading on Friday, reaching $7.00. The stock had a trading volume of 793,610 shares, compared to its average volume of 1,435,123. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.63. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.62. Arcos Dorados Holdings Inc. has a 1-year low of $6.51 and a 1-year high of $10.27. The stock has a 50 day moving average of $7.20 and a two-hundred day moving average of $7.52.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered Arcos Dorados from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $10.50 to $8.80 in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Arcos Dorados currently has an average rating of "Hold" and a consensus target price of $8.80.

About Arcos Dorados

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.