130,242 Shares in Arcos Dorados Holdings Inc. $ARCO Bought 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 acquired a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 130,242 shares of the restaurant operator's stock, valued at approximately $1,050,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Arcos Dorados at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ARCO. Nuveen LLC purchased a new position in Arcos Dorados in the 1st quarter valued at approximately $79,583,000. Fourth Sail Capital LP purchased a new position in Arcos Dorados in the 1st quarter valued at approximately $26,746,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Arcos Dorados by 96.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock valued at $23,886,000 after purchasing an additional 1,606,821 shares in the last quarter. Moerus Capital Management LLC increased its stake in Arcos Dorados by 67.3% in the 1st quarter. Moerus Capital Management LLC now owns 3,552,013 shares of the restaurant operator's stock valued at $28,629,000 after purchasing an additional 1,429,338 shares in the last quarter. Finally, General American Investors Co. Inc. purchased a new position in Arcos Dorados in the 1st quarter valued at approximately $3,076,000. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Price Performance

NYSE:ARCO traded down $0.25 during trading hours on Friday, reaching $6.80. 1,764,520 shares of the company traded hands, compared to its average volume of 1,177,414. The firm's 50-day moving average is $7.10 and its 200-day moving average is $7.48. The stock has a market cap of $1.43 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.37 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.80 and a quick ratio of 0.73. Arcos Dorados Holdings Inc. has a 1-year low of $6.51 and a 1-year high of $10.27.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The business's revenue was up 2.8% 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.

Wall Street Analyst Weigh In

ARCO has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Arcos Dorados from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $10.50 to $8.80 in a research note on Wednesday, July 2nd. Wall Street Zen raised Arcos Dorados from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company 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.