10,260 Shares in Arcos Dorados Holding Inc (ARCO) Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC bought a new position in Arcos Dorados Holding Inc (NYSE:ARCO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,260 shares of the restaurant operator’s stock, valued at approximately $103,000.

A number of other hedge funds also recently modified their holdings of the business. Virtu Financial LLC bought a new position in Arcos Dorados in the 3rd quarter worth about $105,000. Janney Montgomery Scott LLC bought a new position in Arcos Dorados in the 3rd quarter worth about $125,000. Carmignac Gestion bought a new position in Arcos Dorados in the 3rd quarter worth about $10,448,000. Investec Asset Management LTD grew its stake in Arcos Dorados by 273.2% in the 3rd quarter. Investec Asset Management LTD now owns 1,853,483 shares of the restaurant operator’s stock worth $18,628,000 after acquiring an additional 1,356,816 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Arcos Dorados by 399.0% in the 3rd quarter. Wells Fargo & Company MN now owns 120,754 shares of the restaurant operator’s stock worth $1,213,000 after acquiring an additional 96,553 shares in the last quarter. Institutional investors and hedge funds own 36.59% of the company’s stock.

Arcos Dorados Holding Inc (NYSE ARCO) opened at $9.70 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.99. Arcos Dorados Holding Inc has a one year low of $5.50 and a one year high of $10.80. The stock has a market cap of $2,110.00, a P/E ratio of 25.53, a PEG ratio of 2.30 and a beta of 2.04.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday. TheStreet upgraded shares of Arcos Dorados from a “c+” rating to a “b” rating in a research note on Tuesday, November 21st. HSBC assumed coverage on shares of Arcos Dorados in a research note on Wednesday, November 15th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, BidaskClub downgraded shares of Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Arcos Dorados currently has an average rating of “Buy” and an average price target of $10.90.

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Arcos Dorados Company Profile

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.

Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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