Ruffer LLP Buys Shares of 127,142 Arcos Dorados Holdings Inc. $ARCO

Key Points

• Ruffer LLP acquired 127,142 shares of Arcos Dorados Holdings Inc. (NYSE: ARCO), valued at approximately $1,003,000, increasing its stake to about 0.06% as reported in its latest SEC filing.
• For the latest quarter, Arcos Dorados posted an earnings per share (EPS) of $0.11, surpassing estimates of $0.05, although its revenue of $1.14 billion fell short of the projected $1.22 billion.
• Recent analyst ratings show mixed reviews, with Wall Street Zen upgrading the stock to a "buy" while JPMorgan Chase downgraded it to "neutral" with a target price reduction from $10.50 to $8.80.

Ruffer LLP bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 127,142 shares of the restaurant operator's stock, valued at approximately $1,003,000. Ruffer LLP owned about 0.06% of Arcos Dorados as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Perpetual Ltd lifted its stake in shares of Arcos Dorados by 4.0% in the second quarter. Perpetual Ltd now owns 1,744,914 shares of the restaurant operator's stock worth $13,767,000 after buying an additional 66,900 shares during the last quarter. Baker Ellis Asset Management LLC lifted its stake in shares of Arcos Dorados by 9.9% in the second quarter. Baker Ellis Asset Management LLC now owns 44,500 shares of the restaurant operator's stock worth $351,000 after buying an additional 4,000 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Arcos Dorados by 58.3% in the first quarter. Jane Street Group LLC now owns 309,785 shares of the restaurant operator's stock worth $2,497,000 after buying an additional 114,034 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arcos Dorados in the first quarter worth $533,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Arcos Dorados by 3.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,402,735 shares of the restaurant operator's stock worth $27,426,000 after buying an additional 121,750 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Trading Up 2.2%

Shares of Arcos Dorados stock opened at $7.14 on Thursday. The firm has a market capitalization of $1.50 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.36 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. The company's fifty day moving average price is $7.00 and its two-hundred day moving average price is $7.43. Arcos Dorados Holdings Inc. has a 52-week low of $6.51 and a 52-week high of $10.27.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm 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 business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

ARCO has been the topic of a number of research reports. Wall Street Zen raised shares of Arcos Dorados from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. lowered shares of Arcos Dorados from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $10.50 to $8.80 in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average 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.

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