Jane Street Group LLC Has $1.43 Million Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Jane Street Group LLC raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 156.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,751 shares of the restaurant operator's stock after buying an additional 119,477 shares during the quarter. Jane Street Group LLC owned about 0.09% of Arcos Dorados worth $1,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ARCO. Price T Rowe Associates Inc. MD boosted its holdings in shares of Arcos Dorados by 40.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock valued at $98,015,000 after buying an additional 3,851,704 shares during the period. Private Management Group Inc. lifted its stake in Arcos Dorados by 34.7% in the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock valued at $23,062,000 after purchasing an additional 815,198 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Arcos Dorados by 88.1% during the 4th quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock worth $19,008,000 after acquiring an additional 1,223,260 shares during the last quarter. Moerus Capital Management LLC increased its holdings in shares of Arcos Dorados by 11.0% in the fourth quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock valued at $15,453,000 after purchasing an additional 210,133 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in Arcos Dorados by 7.9% in the 4th quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator's stock valued at $12,857,000 after acquiring an additional 129,544 shares during the period. 55.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Stock Performance

Shares of ARCO stock traded down $0.11 on Friday, hitting $7.36. The company's stock had a trading volume of 1,126,967 shares, compared to its average volume of 1,415,106. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $10.55. The company has a market capitalization of $1.55 billion, a PE ratio of 10.51 and a beta of 0.65. The stock's 50 day moving average is $7.64 and its 200-day moving average is $7.81. 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 - Get Free Report) last announced its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $0.14 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio is currently 36.92%.

Arcos Dorados Company 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.