Emeth Value Capital LLC Trims Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Emeth Value Capital LLC reduced its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,391,605 shares of the restaurant operator's stock after selling 145,445 shares during the quarter. Arcos Dorados comprises approximately 10.0% of Emeth Value Capital LLC's holdings, making the stock its 5th largest position. Emeth Value Capital LLC owned 0.66% of Arcos Dorados worth $11,216,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in Arcos Dorados during the 4th quarter valued at about $90,000. Bfsg LLC boosted its stake in Arcos Dorados by 22.7% during the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator's stock valued at $167,000 after purchasing an additional 4,230 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of Arcos Dorados by 31.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock valued at $10,720,000 after purchasing an additional 353,700 shares during the period. Navellier & Associates Inc. raised its stake in shares of Arcos Dorados by 8.3% in the 4th quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator's stock worth $162,000 after buying an additional 1,700 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Arcos Dorados by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock valued at $89,000 after buying an additional 1,830 shares during the period. 55.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Arcos Dorados from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Arcos Dorados Stock Performance

Arcos Dorados stock traded down $0.05 during trading hours on Thursday, reaching $7.63. 1,112,906 shares of the company were exchanged, compared to its average volume of 1,383,157. The stock has a 50-day moving average of $7.54 and a 200 day moving average of $7.70. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.80. Arcos Dorados Holdings Inc. has a 12 month low of $6.66 and a 12 month high of $10.55. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 11.73 and a beta of 0.62.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Arcos Dorados had a return on equity of 26.70% and a net margin of 3.00%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.14 EPS. Arcos Dorados's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 25th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a yield of 3.13%. Arcos Dorados's dividend payout ratio (DPR) is 36.92%.

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.