Mirae Asset Global Investments Co. Ltd. Purchases 58,453 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 534,990 shares of the restaurant operator's stock after acquiring an additional 58,453 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.25% of Arcos Dorados worth $3,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ARCO. Squarepoint Ops LLC lifted its stake in Arcos Dorados by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator's stock valued at $222,000 after acquiring an additional 2,034 shares during the period. Bfsg LLC lifted its stake in Arcos Dorados by 13.8% during the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator's stock valued at $163,000 after acquiring an additional 2,255 shares during the period. Bleakley Financial Group LLC bought a new position in Arcos Dorados during the 3rd quarter valued at about $1,559,000. Harbour Capital Advisors LLC bought a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $279,000. Finally, Hedges Asset Management LLC lifted its stake in shares of Arcos Dorados by 18.8% in the 3rd quarter. Hedges Asset Management LLC now owns 331,500 shares of the restaurant operator's stock worth $2,891,000 after purchasing an additional 52,500 shares during the period. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO traded up $0.03 during trading on Wednesday, hitting $8.40. The company's stock had a trading volume of 967,822 shares, compared to its average volume of 1,364,119. The company has a 50-day moving average of $7.60 and a 200-day moving average of $8.48. Arcos Dorados Holdings Inc. has a 12 month low of $7.02 and a 12 month high of $12.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 12.00 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current year.

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.