Arcos Dorados Holdings Inc. $ARCO Shares Purchased by R Squared Ltd

R Squared Ltd grew its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 66.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,681 shares of the restaurant operator’s stock after purchasing an additional 7,881 shares during the quarter. R Squared Ltd’s holdings in Arcos Dorados were worth $155,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ARCO. American Capital Advisory LLC grew its holdings in shares of Arcos Dorados by 2.2% during the first quarter. American Capital Advisory LLC now owns 239,143 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 5,217 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Arcos Dorados by 10.0% during the first quarter. Catalyst Capital Advisors LLC now owns 159,840 shares of the restaurant operator’s stock valued at $1,288,000 after purchasing an additional 14,500 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its holdings in shares of Arcos Dorados by 12.5% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 229,838 shares of the restaurant operator’s stock valued at $1,852,000 after purchasing an additional 25,499 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Arcos Dorados by 13.1% during the first quarter. Envestnet Asset Management Inc. now owns 241,677 shares of the restaurant operator’s stock valued at $1,948,000 after purchasing an additional 27,979 shares during the last quarter. Finally, First Interstate Bank grew its holdings in shares of Arcos Dorados by 74.7% during the first quarter. First Interstate Bank now owns 19,020 shares of the restaurant operator’s stock valued at $153,000 after purchasing an additional 8,135 shares during the last quarter. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Stock Performance

Shares of NYSE ARCO opened at $7.21 on Monday. The stock has a fifty day moving average price of $6.94 and a two-hundred day moving average price of $7.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. The firm has a market cap of $1.52 billion, a P/E ratio of 11.44, a PEG ratio of 3.37 and a beta of 0.60. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $9.33.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.22 billion. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARCO. Zacks Research lowered Arcos Dorados from a “hold” rating to a “strong sell” rating in a report on Thursday. Wall Street Zen cut Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. downgraded Arcos Dorados from an “overweight” rating to a “neutral” rating and cut their target price for the company from $10.50 to $8.80 in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Arcos Dorados in a research report on Friday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Arcos Dorados currently has a consensus rating of “Sell” and a consensus target price of $8.80.

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.