Two Sigma Investments LP Sells 428,311 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Two Sigma Investments LP lessened its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 97.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,965 shares of the restaurant operator's stock after selling 428,311 shares during the period. Two Sigma Investments LP's holdings in Arcos Dorados were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position 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 worth $89,000 after buying an additional 1,830 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Arcos Dorados during the fourth quarter valued at about $90,000. Virtu Financial LLC purchased a new stake in Arcos Dorados during the fourth quarter valued at about $90,000. Quantbot Technologies LP purchased a new stake in Arcos Dorados during the fourth quarter valued at about $129,000. Finally, Boothbay Fund Management LLC raised its position in Arcos Dorados by 27.0% during the fourth quarter. Boothbay Fund Management LLC now owns 19,761 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 4,201 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company's stock.

Analysts Set New Price Targets

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

Arcos Dorados Price Performance

NYSE ARCO traded down $0.02 during trading hours on Friday, reaching $7.58. 1,680,108 shares of the stock traded hands, compared to its average volume of 1,390,659. The stock has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.71. Arcos Dorados Holdings Inc. has a 1 year low of $6.66 and a 1 year high of $10.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.83 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.14 earnings per share. The firm's quarterly revenue was down .4% compared to the same quarter last year. On average, analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS 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.