Dynamic Technology Lab Private Ltd Acquires New Holdings in Arcos Dorados Holdings Inc. $ARCO

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Arcos Dorados Holdings Inc. (NYSE: ARCO), purchasing 66,177 shares valued at approximately $533,000.
• JPMorgan Chase & Co. has downgraded Arcos Dorados from an "overweight" to a "neutral" rating, with a reduced price target of $8.80.
• In the most recent quarter, Arcos Dorados reported an earnings per share (EPS) of $0.11, exceeding analysts' predictions of $0.05.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 66,177 shares of the restaurant operator's stock, valued at approximately $533,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Arcos Dorados in the first quarter valued at approximately $79,583,000. Fourth Sail Capital LP acquired a new stake in Arcos Dorados during the 1st quarter valued at $26,746,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Arcos Dorados by 96.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock worth $23,886,000 after buying an additional 1,606,821 shares in the last quarter. Moerus Capital Management LLC raised its holdings in shares of Arcos Dorados by 67.3% in the first quarter. Moerus Capital Management LLC now owns 3,552,013 shares of the restaurant operator's stock worth $28,629,000 after acquiring an additional 1,429,338 shares during the last quarter. Finally, Alta Fox Capital Management LLC purchased a new stake in shares of Arcos Dorados in the first quarter valued at $9,033,000. Hedge funds and other institutional investors own 55.91% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut Arcos Dorados from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $10.50 to $8.80 in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.80.

Arcos Dorados Trading Up 1.6%

Shares of ARCO opened at $7.01 on Thursday. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $10.27. The company has a market capitalization of $1.48 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.35 and a beta of 0.63. The stock has a fifty day moving average of $7.14 and a two-hundred day moving average of $7.50. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80.

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. 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current 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.

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