Arcos Dorados Holdings Inc. $ARCO Shares Bought by Seafarer Capital Partners LLC

Seafarer Capital Partners LLC lifted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 53.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 400,000 shares of the restaurant operator’s stock after purchasing an additional 140,000 shares during the quarter. Arcos Dorados comprises 0.8% of Seafarer Capital Partners LLC’s holdings, making the stock its 6th biggest position. Seafarer Capital Partners LLC owned approximately 0.19% of Arcos Dorados worth $2,700,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new position in Arcos Dorados during the third quarter valued at approximately $76,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Arcos Dorados during the 3rd quarter worth approximately $97,000. Mraz Amerine & Associates Inc. bought a new stake in shares of Arcos Dorados during the 2nd quarter worth approximately $120,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Arcos Dorados in the 3rd quarter valued at approximately $139,000. Finally, Olympiad Research LP bought a new position in shares of Arcos Dorados in the second quarter valued at $140,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arcos Dorados Price Performance

Arcos Dorados stock opened at $8.19 on Monday. The stock has a 50-day moving average price of $7.52 and a two-hundred day moving average price of $7.20. Arcos Dorados Holdings Inc. has a 12 month low of $6.51 and a 12 month high of $8.52. The company has a market capitalization of $1.72 billion, a PE ratio of 7.00, a P/E/G ratio of 3.01 and a beta of 0.46. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.32.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.28 billion. Arcos Dorados had a return on equity of 20.42% and a net margin of 5.39%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados 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.