Jane Street Group LLC Grows Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Jane Street Group LLC boosted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 95.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,274 shares of the restaurant operator’s stock after buying an additional 37,341 shares during the quarter. Jane Street Group LLC’s holdings in Arcos Dorados were worth $665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ARCO. Quarry LP raised its holdings in shares of Arcos Dorados by 431.0% during the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 2,629 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Arcos Dorados in the 2nd quarter worth approximately $93,000. MQS Management LLC purchased a new stake in Arcos Dorados during the 2nd quarter valued at $116,000. Magnetar Financial LLC bought a new position in shares of Arcos Dorados during the 2nd quarter valued at $150,000. Finally, Bfsg LLC boosted its stake in shares of Arcos Dorados by 13.8% in the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock worth $163,000 after buying an additional 2,255 shares during the last quarter. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $7.39 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.56 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 3.69 and a beta of 1.13. The firm’s 50 day moving average price is $8.12 and its 200-day moving average price is $8.83. Arcos Dorados Holdings Inc. has a twelve month low of $7.02 and a twelve month high of $13.20.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective 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.

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.