Trexquant Investment LP Has $1.42 Million Stake in Arcos Dorados Holdings Inc. $ARCO

Key Points

• Trexquant Investment LP significantly reduced its holdings in Arcos Dorados by 60.8% during the first quarter, selling 273,167 shares and now owns approximately 0.08% of the company.
• Arcos Dorados reported $0.11 earnings per share for the recent quarter, surpassing estimates, despite revenue falling short with $1.14 billion compared to expectations of $1.22 billion.
• JPMorgan Chase & Co. downgraded Arcos Dorados from an "overweight" to a "neutral" rating, lowering the target price from $10.50 to $8.80.

Trexquant Investment LP lowered its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 60.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,855 shares of the restaurant operator's stock after selling 273,167 shares during the quarter. Trexquant Investment LP owned about 0.08% of Arcos Dorados worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Arcos Dorados during the 1st quarter valued at $73,000. R Squared Ltd raised its holdings in shares of Arcos Dorados by 60.3% during the 1st quarter. R Squared Ltd now owns 11,800 shares of the restaurant operator's stock valued at $95,000 after purchasing an additional 4,440 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Arcos Dorados during the 4th quarter valued at $146,000. First Interstate Bank raised its holdings in shares of Arcos Dorados by 74.7% during the 1st quarter. First Interstate Bank now owns 19,020 shares of the restaurant operator's stock valued at $153,000 after purchasing an additional 8,135 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Arcos Dorados during the 4th quarter valued at $154,000. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Performance

ARCO traded up $0.05 during trading on Thursday, hitting $7.05. The stock had a trading volume of 1,068,180 shares, compared to its average volume of 1,225,612. The firm has a market cap of $1.49 billion, a PE ratio of 11.19, a P/E/G ratio of 1.36 and a beta of 0.63. Arcos Dorados Holdings Inc. has a 12 month low of $6.51 and a 12 month high of $10.27. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62. The company has a 50 day simple moving average of $7.12 and a 200-day simple moving average of $7.49.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.22 billion. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. downgraded shares of Arcos Dorados from an "overweight" rating to a "neutral" rating and cut their price target for the company from $10.50 to $8.80 in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.80.

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.