Emeth Value Capital LLC Acquires 443,327 Shares of Arcos Dorados Holdings Inc. $ARCO

Emeth Value Capital LLC grew its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 29.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,973,667 shares of the restaurant operator’s stock after buying an additional 443,327 shares during the period. Arcos Dorados makes up approximately 12.9% of Emeth Value Capital LLC’s holdings, making the stock its 4th biggest position. Emeth Value Capital LLC owned about 0.94% of Arcos Dorados worth $13,322,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ARCO. Lazard Asset Management LLC bought a new position in shares of Arcos Dorados in the 2nd quarter valued at approximately $117,349,000. Pzena Investment Management LLC bought a new position in shares of Arcos Dorados in the second quarter valued at approximately $51,549,000. Brightlight Capital Management LP bought a new position in shares of Arcos Dorados in the second quarter valued at approximately $14,972,000. Franklin Resources Inc. lifted its stake in shares of Arcos Dorados by 50.9% in the second quarter. Franklin Resources Inc. now owns 3,907,929 shares of the restaurant operator’s stock worth $30,834,000 after buying an additional 1,319,031 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Arcos Dorados during the 2nd quarter worth $5,750,000. Institutional investors own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARCO. JPMorgan Chase & Co. cut their target price on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arcos Dorados in a report on Monday, December 29th. Finally, Zacks Research upgraded Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Arcos Dorados has an average rating of “Hold” and an average target price of $8.70.

Arcos Dorados Stock Down 0.5%

ARCO stock opened at $7.31 on Friday. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $8.52. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market cap of $1.54 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. The business’s 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.19.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, November 12th. The restaurant operator reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Arcos Dorados had a return on equity of 20.42% and a net margin of 5.39%.The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $0.17 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.