nVerses Capital LLC Has $75,000 Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

nVerses Capital LLC reduced its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 26.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,600 shares of the restaurant operator’s stock after selling 3,100 shares during the quarter. nVerses Capital LLC’s holdings in Arcos Dorados were worth $75,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ARCO. Quadrature Capital Ltd acquired a new position in Arcos Dorados in the fourth quarter worth $441,000. Harbour Capital Advisors LLC acquired a new position in Arcos Dorados during the 1st quarter worth about $380,000. Oliver Luxxe Assets LLC grew its holdings in Arcos Dorados by 29.2% during the 1st quarter. Oliver Luxxe Assets LLC now owns 69,924 shares of the restaurant operator’s stock worth $778,000 after acquiring an additional 15,786 shares during the last quarter. Quattro Financial Advisors LLC grew its holdings in Arcos Dorados by 158,015.4% during the 1st quarter. Quattro Financial Advisors LLC now owns 20,555 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 20,542 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Arcos Dorados by 5.2% in the 1st quarter. Van ECK Associates Corp now owns 835,019 shares of the restaurant operator’s stock valued at $9,285,000 after acquiring an additional 41,496 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock opened at $9.26 on Tuesday. Arcos Dorados Holdings Inc. has a 52 week low of $8.08 and a 52 week high of $13.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.86 and a beta of 1.17. The firm has a fifty day moving average of $9.04 and a two-hundred day moving average of $9.65.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.69 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.