Emeth Value Capital LLC Increases Stock Position in Arcos Dorados Holdings Inc. $ARCO

Emeth Value Capital LLC increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,530,340 shares of the restaurant operator’s stock after purchasing an additional 138,735 shares during the period. Arcos Dorados accounts for 10.7% of Emeth Value Capital LLC’s portfolio, making the stock its 5th largest holding. Emeth Value Capital LLC owned 0.73% of Arcos Dorados worth $12,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ARCO. Nuveen LLC purchased a new stake in Arcos Dorados in the 1st quarter worth $79,583,000. Moerus Capital Management LLC lifted its stake in Arcos Dorados by 67.3% in the 1st quarter. Moerus Capital Management LLC now owns 3,552,013 shares of the restaurant operator’s stock worth $28,629,000 after purchasing an additional 1,429,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Arcos Dorados by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,402,735 shares of the restaurant operator’s stock worth $27,426,000 after purchasing an additional 121,750 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in Arcos Dorados in the 1st quarter worth $26,746,000. Finally, Private Management Group Inc. lifted its stake in Arcos Dorados by 1.2% in the 1st quarter. Private Management Group Inc. now owns 3,205,913 shares of the restaurant operator’s stock worth $25,840,000 after purchasing an additional 38,056 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Stock Performance

Arcos Dorados stock opened at $6.82 on Monday. The company’s 50-day moving average price is $6.93 and its 200-day moving average price is $7.30. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $10.03. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.62. The company has a market cap of $1.44 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARCO has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Arcos Dorados from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $10.50 to $8.80 in a research note on Wednesday, July 2nd. Weiss Ratings cut shares of Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $8.80.

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.