R Squared Ltd Boosts Stake in Arcos Dorados Holdings Inc. $ARCO

R Squared Ltd raised its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 66.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,681 shares of the restaurant operator’s stock after acquiring an additional 7,881 shares during the period. R Squared Ltd’s holdings in Arcos Dorados were worth $155,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Arcos Dorados during the first quarter valued at about $79,583,000. Pzena Investment Management LLC acquired a new position in shares of Arcos Dorados during the second quarter worth about $51,549,000. Moerus Capital Management LLC lifted its stake in shares of Arcos Dorados by 67.3% during the first 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 shares of Arcos Dorados by 3.7% during the first 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. Finally, Fourth Sail Capital LP acquired a new position in shares of Arcos Dorados during the first quarter worth about $26,746,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Analyst Ratings Changes

ARCO has been the topic of a number of recent research reports. Zacks Research cut Arcos Dorados from a “hold” rating to a “strong sell” rating in a research note on Thursday. Wall Street Zen cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. cut Arcos Dorados from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $10.50 to $8.80 in a research note on Wednesday, July 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Arcos Dorados in a research note on Friday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $8.80.

Arcos Dorados Trading Down 0.2%

NYSE:ARCO opened at $7.21 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. Arcos Dorados Holdings Inc. has a one year low of $6.51 and a one year high of $9.33. The business’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $7.27. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Arcos Dorados’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados 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.