William Blair Investment Management LLC Trims Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

William Blair Investment Management LLC reduced its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 30.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 953,822 shares of the restaurant operator’s stock after selling 408,130 shares during the quarter. William Blair Investment Management LLC owned 0.45% of Arcos Dorados worth $10,607,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Sapient Capital LLC purchased a new stake in shares of Arcos Dorados in the fourth quarter valued at approximately $3,513,000. Redwood Investments LLC increased its position in shares of Arcos Dorados by 82.5% in the fourth quarter. Redwood Investments LLC now owns 491,647 shares of the restaurant operator’s stock valued at $6,239,000 after buying an additional 222,295 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of Arcos Dorados by 25.8% during the first quarter. TimesSquare Capital Management LLC now owns 1,466,000 shares of the restaurant operator’s stock worth $16,302,000 after purchasing an additional 301,020 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Arcos Dorados during the first quarter worth approximately $49,647,000. Finally, Oliver Luxxe Assets LLC increased its position in shares of Arcos Dorados by 10.5% during the fourth quarter. Oliver Luxxe Assets LLC now owns 54,138 shares of the restaurant operator’s stock worth $687,000 after purchasing an additional 5,137 shares in the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Arcos Dorados has a consensus rating of “Moderate Buy” and an average price target of $13.83.

Arcos Dorados Trading Down 1.4 %

NYSE ARCO traded down $0.14 on Wednesday, reaching $9.80. 656,119 shares of the company were exchanged, compared to its average volume of 1,182,592. The business’s fifty day moving average price is $9.67 and its 200 day moving average price is $10.92. The stock has a market capitalization of $2.06 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The company has a current ratio of 0.66, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $13.20.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Arcos Dorados had a return on equity of 38.57% and a net margin of 3.90%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Analysts forecast that Arcos Dorados Holdings Inc. will post 0.86 earnings per share for the current year.

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.