Marshall Wace LLP Takes Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Marshall Wace LLP purchased a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 792,035 shares of the restaurant operator’s stock, valued at approximately $7,128,000. Marshall Wace LLP owned approximately 0.38% of Arcos Dorados at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARCO. TimesSquare Capital Management LLC lifted its position in shares of Arcos Dorados by 25.8% during 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 acquiring an additional 301,020 shares during the last quarter. Perpetual Ltd acquired a new stake in Arcos Dorados during the 1st quarter worth about $49,647,000. Fourth Sail Capital LP purchased a new stake in shares of Arcos Dorados in the 2nd quarter valued at approximately $16,463,000. Nordea Investment Management AB lifted its holdings in shares of Arcos Dorados by 33.5% in the first quarter. Nordea Investment Management AB now owns 458,355 shares of the restaurant operator’s stock valued at $5,129,000 after purchasing an additional 115,118 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in shares of Arcos Dorados by 29.2% in the first quarter. Oliver Luxxe Assets LLC now owns 69,924 shares of the restaurant operator’s stock worth $778,000 after buying an additional 15,786 shares during the period. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.72 on Tuesday. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The stock’s 50-day moving average is $9.03 and its two-hundred day moving average is $9.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market cap of $1.84 billion, a P/E ratio of 10.77, a PEG ratio of 2.47 and a beta of 1.17.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts predict that Arcos Dorados Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th.

About Arcos Dorados

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.