Dynamic Technology Lab Private Ltd Makes New $533,000 Investment 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 purchased a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 66,177 shares of the restaurant operator's stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARCO. Raymond James Financial Inc. acquired a new stake in shares of Arcos Dorados during the 4th quarter worth approximately $154,000. Jane Street Group LLC increased its holdings in shares of Arcos Dorados by 156.6% during the 4th quarter. Jane Street Group LLC now owns 195,751 shares of the restaurant operator's stock worth $1,425,000 after buying an additional 119,477 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Arcos Dorados by 121.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 22,253 shares of the restaurant operator's stock worth $162,000 after buying an additional 12,217 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Arcos Dorados during the 4th quarter worth approximately $146,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Arcos Dorados by 96.0% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 55.91% of the company's stock.

Analysts Set New Price Targets

ARCO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Arcos Dorados from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. downgraded shares of Arcos Dorados from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $10.50 to $8.80 in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.80.

Arcos Dorados Price Performance

Shares of NYSE:ARCO remained flat at $6.80 during mid-day trading on Tuesday. 2,251,751 shares of the company were exchanged, compared to its average volume of 1,239,881. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.63. The company has a 50-day moving average price of $7.07 and a 200-day moving average price of $7.46. 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 released its earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.22 billion. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

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.