130,242 Shares in Arcos Dorados Holdings Inc. $ARCO Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has made a new investment of approximately $1.05 million in Arcos Dorados Holdings Inc., purchasing 130,242 shares, representing around 0.06% of the company.
• Other institutional investors, such as Nuveen LLC and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have also significantly increased their stakes in Arcos Dorados in the same quarter, reflecting strong interest from the institutional investment community.
• JPMorgan Chase & Co. has downgraded Arcos Dorados to a "neutral" rating, reducing the price target from $10.50 to $8.80, while consensus estimates predict earnings per share of 0.63 for the current year.

Cubist Systematic Strategies LLC bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 130,242 shares of the restaurant operator's stock, valued at approximately $1,050,000. Cubist Systematic Strategies LLC owned 0.06% of Arcos Dorados at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Arcos Dorados by 23.1% during the first quarter. Royal Bank of Canada now owns 538,925 shares of the restaurant operator's stock worth $4,344,000 after purchasing an additional 101,301 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Arcos Dorados during the 1st quarter worth approximately $73,000. Hsbc Holdings PLC lifted its stake in Arcos Dorados by 16.5% in the first quarter. Hsbc Holdings PLC now owns 182,710 shares of the restaurant operator's stock valued at $1,471,000 after buying an additional 25,900 shares in the last quarter. Penn Mutual Asset Management bought a new position in Arcos Dorados in the first quarter valued at approximately $532,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Arcos Dorados during the first quarter worth $508,000. 55.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Arcos Dorados from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. downgraded shares of Arcos Dorados from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $10.50 to $8.80 in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Arcos Dorados has a consensus rating of "Hold" and a consensus target price of $8.80.

Arcos Dorados Stock Performance

Shares of ARCO traded down $0.25 during midday trading on Friday, reaching $6.80. The stock had a trading volume of 1,764,520 shares, compared to its average volume of 1,177,414. The firm has a 50 day simple moving average of $7.10 and a 200-day simple moving average of $7.47. Arcos Dorados Holdings Inc. has a one year low of $6.51 and a one year high of $10.27. The firm has a market cap of $1.43 billion, a PE ratio of 10.79, a P/E/G ratio of 1.37 and a beta of 0.63. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. The company had revenue of $1.14 billion during 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 company'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. As a group, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

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.