Marshall Wace LLP Takes Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Marshall Wace LLP purchased a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 792,035 shares of the restaurant operator’s stock, valued at approximately $7,128,000.

Several other large investors have also recently bought and sold shares of the stock. Magnetar Financial LLC bought a new stake in shares of Arcos Dorados in the second quarter valued at about $150,000. MQS Management LLC bought a new stake in shares of Arcos Dorados during the second quarter valued at approximately $116,000. XTX Topco Ltd increased its position in shares of Arcos Dorados by 54.9% during the second quarter. XTX Topco Ltd now owns 44,843 shares of the restaurant operator’s stock valued at $404,000 after purchasing an additional 15,888 shares during the period. Fourth Sail Capital LP acquired a new position in shares of Arcos Dorados in the second quarter valued at $16,463,000. Finally, WINTON GROUP Ltd bought a new stake in Arcos Dorados in the 2nd quarter valued at $294,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Arcos Dorados Price Performance

Arcos Dorados stock opened at $8.72 on Tuesday. The business has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $9.80. 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 company has a market capitalization of $1.84 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.17. Arcos Dorados Holdings Inc. has a one year low of $8.08 and a one year high of $13.20.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. 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. On average, sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.7 EPS for the current fiscal year.

Arcos Dorados 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.