WINTON GROUP Ltd Invests $294,000 in Arcos Dorados Holdings Inc. (NYSE:ARCO)

WINTON GROUP Ltd bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 2nd quarter, HoldingsChannel reports. The fund bought 32,618 shares of the restaurant operator’s stock, valued at approximately $294,000.

Several other large investors have also recently added to or reduced their stakes in the business. Americana Partners LLC increased its position in Arcos Dorados by 15.0% in the 2nd quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock valued at $155,000 after acquiring an additional 2,240 shares during the period. Blue Trust Inc. boosted its stake 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 purchasing an additional 2,427 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Arcos Dorados by 35.4% during the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 3,022 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Arcos Dorados by 0.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 936,912 shares of the restaurant operator’s stock valued at $10,419,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in Arcos Dorados by 10.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 54,138 shares of the restaurant operator’s stock valued at $687,000 after purchasing an additional 5,137 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Stock Performance

ARCO opened at $8.48 on Thursday. The firm has a market cap of $1.79 billion, a PE ratio of 10.47, a P/E/G ratio of 2.34 and a beta of 1.17. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $10.00. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $13.20.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $1.11 billion during 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 company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Friday, May 24th.

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.