Dynamic Technology Lab Private Ltd Invests $553,000 in Arcos Dorados Holdings Inc. $ARCO

Dynamic Technology Lab Private Ltd bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 81,971 shares of the restaurant operator’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Bridge Advisors purchased a new stake in Arcos Dorados in the 3rd quarter valued at approximately $75,000. Arkadios Wealth Advisors purchased a new stake in shares of Arcos Dorados in the third quarter valued at approximately $76,000. Campbell & CO Investment Adviser LLC acquired a new position in Arcos Dorados during the third quarter worth $97,000. NewEdge Wealth LLC purchased a new position in Arcos Dorados in the third quarter worth $102,000. Finally, Mraz Amerine & Associates Inc. lifted its holdings in Arcos Dorados by 16.5% in the third quarter. Mraz Amerine & Associates Inc. now owns 17,665 shares of the restaurant operator’s stock valued at $119,000 after acquiring an additional 2,500 shares during the period. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $8.07 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.81 and a current ratio of 0.89. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $8.98. The firm’s fifty day simple moving average is $8.14 and its 200 day simple moving average is $7.48.

Analyst Ratings Changes

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

About Arcos Dorados

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.