12,843 Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO) Purchased by MQS Management LLC

MQS Management LLC purchased a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,843 shares of the restaurant operator’s stock, valued at approximately $116,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avantax Advisory Services Inc. purchased a new position in shares of Arcos Dorados during the fourth quarter valued at approximately $236,000. Janney Montgomery Scott LLC purchased a new position in Arcos Dorados during the 4th quarter valued at $408,000. Orion Portfolio Solutions LLC bought a new position in Arcos Dorados in the 4th quarter worth $593,000. Oliver Luxxe Assets LLC boosted its stake in shares of Arcos Dorados by 10.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 54,138 shares of the restaurant operator’s stock valued at $687,000 after purchasing an additional 5,137 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in shares of Arcos Dorados by 30.4% during the 4th quarter. Axiom Investors LLC DE now owns 1,126,000 shares of the restaurant operator’s stock valued at $14,289,000 after purchasing an additional 262,390 shares in the last quarter. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

ARCO opened at $8.35 on Friday. Arcos Dorados Holdings Inc. has a 12-month low of $8.08 and a 12-month high of $13.20. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52. The stock has a fifty day simple moving average of $9.16 and a two-hundred day simple moving average of $9.94.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. Arcos Dorados’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Research analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, September 13th.

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.