Aubrey Capital Management Ltd Buys 3,618 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Aubrey Capital Management Ltd increased its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,676 shares of the restaurant operator’s stock after buying an additional 3,618 shares during the period. Aubrey Capital Management Ltd’s holdings in Arcos Dorados were worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in shares of Arcos Dorados by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 2,034 shares in the last quarter. Americana Partners LLC boosted its stake in Arcos Dorados by 15.0% during the second quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock worth $155,000 after acquiring an additional 2,240 shares in the last quarter. Bfsg LLC grew its holdings in Arcos Dorados by 13.8% in the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 2,255 shares during the period. Blue Trust Inc. increased its stake in shares of Arcos Dorados by 24.6% during the second quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Arcos Dorados by 431.0% during the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 2,629 shares during the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, September 13th.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.61 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. Arcos Dorados Holdings Inc. has a one year low of $8.07 and a one year high of $13.20. The company’s 50-day moving average is $8.91 and its 200 day moving average is $9.40.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.69 EPS for the current fiscal year.

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.