nVerses Capital LLC Acquires New Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

nVerses Capital LLC bought a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,700 shares of the restaurant operator’s stock, valued at approximately $105,000.

A number of other institutional investors have also recently bought and sold shares of the business. Perpetual Ltd bought a new position in Arcos Dorados during the 1st quarter worth approximately $49,647,000. Absolute Gestao de Investimentos Ltda. acquired a new stake in Arcos Dorados in the first quarter worth $22,586,000. BNP Paribas Financial Markets boosted its position in shares of Arcos Dorados by 2.4% during the first quarter. BNP Paribas Financial Markets now owns 1,612,824 shares of the restaurant operator’s stock worth $17,935,000 after purchasing an additional 37,218 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Arcos Dorados by 25.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,466,000 shares of the restaurant operator’s stock valued at $16,302,000 after buying an additional 301,020 shares during the period. Finally, Aubrey Capital Management Ltd acquired a new position in shares of Arcos Dorados in the 1st quarter valued at $13,661,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday, May 24th.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.61 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a 52 week low of $8.52 and a 52 week high of $13.20. The company’s 50 day moving average price is $9.37 and its two-hundred day moving average price is $10.23. The company has a market capitalization of $1.81 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that Arcos Dorados Holdings Inc. will post 0.77 earnings per share for the current fiscal 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.