Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 30.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,928 shares of the restaurant operator's stock after selling 131,402 shares during the quarter. Handelsbanken Fonder AB owned about 0.14% of Arcos Dorados worth $2,425,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Catalyst Capital Advisors LLC grew its holdings in shares of Arcos Dorados by 81.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 145,340 shares of the restaurant operator's stock valued at $1,058,000 after purchasing an additional 65,340 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Arcos Dorados in the fourth quarter valued at about $90,000. Bfsg LLC grew its holdings in shares of Arcos Dorados by 22.7% in the fourth quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator's stock valued at $167,000 after purchasing an additional 4,230 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Arcos Dorados by 31.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock valued at $10,720,000 after purchasing an additional 353,700 shares during the period. Finally, Navellier & Associates Inc. grew its holdings in shares of Arcos Dorados by 8.3% in the fourth quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator's stock valued at $162,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 55.91% of the company's stock.

Arcos Dorados Trading Down 0.0%

Shares of ARCO traded down $0.00 during mid-day trading on Tuesday, reaching $7.67. The stock had a trading volume of 1,203,826 shares, compared to its average volume of 1,390,826. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.81. Arcos Dorados Holdings Inc. has a 52-week low of $6.66 and a 52-week high of $10.55. The business's fifty day moving average is $7.53 and its 200 day moving average is $7.70. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 11.80 and a beta of 0.62.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.00% and a return on equity of 26.70%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.14 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Arcos Dorados from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

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.