DGS Capital Management LLC Sells 17,034 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

DGS Capital Management LLC trimmed its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 43.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,383 shares of the restaurant operator’s stock after selling 17,034 shares during the period. DGS Capital Management LLC’s holdings in Arcos Dorados were worth $163,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quarry LP raised its stake in shares of Arcos Dorados by 431.0% during the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 2,629 shares during the last quarter. Bfsg LLC increased its holdings in Arcos Dorados by 13.8% in the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 2,255 shares during the period. Navellier & Associates Inc. raised its position in Arcos Dorados by 26.8% during the 3rd quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 4,342 shares during the last quarter. Americana Partners LLC lifted its holdings in Arcos Dorados by 24.5% during the 3rd quarter. Americana Partners LLC now owns 21,426 shares of the restaurant operator’s stock worth $187,000 after buying an additional 4,222 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Arcos Dorados in the 3rd quarter valued at about $187,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of ARCO opened at $7.32 on Monday. The business has a 50-day moving average of $7.73 and a 200-day moving average of $8.63. 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 company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.45 and a beta of 1.13. Arcos Dorados Holdings Inc. has a 1 year low of $7.02 and a 1 year high of $13.20.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate 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.