Squarepoint Ops LLC Has $222,000 Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Squarepoint Ops LLC grew its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,690 shares of the restaurant operator’s stock after buying an additional 2,034 shares during the quarter. Squarepoint Ops LLC’s holdings in Arcos Dorados were worth $222,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. TimesSquare Capital Management LLC lifted its position in Arcos Dorados by 25.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,466,000 shares of the restaurant operator’s stock worth $16,302,000 after buying an additional 301,020 shares in the last quarter. Perpetual Ltd bought a new position in shares of Arcos Dorados in the first quarter valued at about $49,647,000. Fourth Sail Capital LP acquired a new stake in shares of Arcos Dorados during the 2nd quarter worth about $16,463,000. Nordea Investment Management AB boosted its holdings in shares of Arcos Dorados by 33.5% during the 1st quarter. Nordea Investment Management AB now owns 458,355 shares of the restaurant operator’s stock worth $5,129,000 after buying an additional 115,118 shares during the period. Finally, Oliver Luxxe Assets LLC grew its stake in Arcos Dorados by 29.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 69,924 shares of the restaurant operator’s stock valued at $778,000 after buying an additional 15,786 shares during the last quarter. Institutional investors own 55.91% of the company’s stock.

Analyst Ratings Changes

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

Arcos Dorados Price Performance

ARCO stock opened at $9.73 on Friday. The company’s 50-day moving average price is $9.03 and its two-hundred day moving average price is $9.72. Arcos Dorados Holdings Inc. has a 12 month low of $8.08 and a 12 month high of $13.20. 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 firm has a market cap of $2.05 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.86 and a beta of 1.17.

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 the consensus estimate of $0.13. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.14 EPS. Arcos Dorados’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.69 earnings per share 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.