Seafarer Capital Partners LLC Invests $1.74 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Seafarer Capital Partners LLC acquired a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 200,000 shares of the restaurant operator’s stock, valued at approximately $1,744,000. Arcos Dorados makes up approximately 0.5% of Seafarer Capital Partners LLC’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARCO. Quarry LP lifted its position in shares of Arcos Dorados by 431.0% during the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 2,629 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Arcos Dorados during the 2nd quarter valued at $93,000. nVerses Capital LLC bought a new stake in shares of Arcos Dorados in the second quarter worth $105,000. Adalta Capital Management LLC purchased a new stake in Arcos Dorados in the 1st quarter worth approximately $111,000. Finally, Blue Trust Inc. grew its holdings in Arcos Dorados by 24.6% during the 2nd quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after buying an additional 2,427 shares in the last quarter. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Trading Down 1.2 %

ARCO traded down $0.10 during trading hours on Friday, reaching $8.52. The company’s stock had a trading volume of 1,175,855 shares, compared to its average volume of 1,027,892. The business’s 50-day moving average is $8.93 and its 200-day moving average is $9.45. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market cap of $1.79 billion, a PE ratio of 10.52, a P/E/G ratio of 2.64 and a beta of 1.16.

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, meeting analysts’ consensus estimates of $0.13. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price 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 Company Profile

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.