GSA Capital Partners LLP Has $426,000 Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

GSA Capital Partners LLP lowered its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 49.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 48,805 shares of the restaurant operator’s stock after selling 46,990 shares during the period. GSA Capital Partners LLP’s holdings in Arcos Dorados were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ARCO. Private Management Group Inc. boosted its stake in shares of Arcos Dorados by 8.5% in the 3rd quarter. Private Management Group Inc. now owns 2,352,659 shares of the restaurant operator’s stock worth $20,515,000 after buying an additional 184,155 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Arcos Dorados in the 1st quarter worth approximately $22,586,000. Fourth Sail Capital LP bought a new stake in shares of Arcos Dorados in the 2nd quarter worth approximately $16,463,000. Perpetual Ltd raised its holdings in shares of Arcos Dorados by 15.8% in the 3rd quarter. Perpetual Ltd now owns 1,636,470 shares of the restaurant operator’s stock worth $14,270,000 after purchasing an additional 223,496 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Arcos Dorados by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 876,300 shares of the restaurant operator’s stock worth $7,852,000 after purchasing an additional 52,289 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Up 0.3 %

Arcos Dorados stock opened at $8.53 on Thursday. The stock has a market cap of $1.80 billion, a P/E ratio of 12.18, a PEG ratio of 2.78 and a beta of 1.16. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $13.20. The firm’s fifty day moving average price is $8.94 and its 200-day moving average price is $9.32. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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 report on Friday, September 13th.

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.