INCA Investments LLC Trims Stake in Arcos Dorados Holdings Inc. $ARCO

INCA Investments LLC decreased its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 654,392 shares of the restaurant operator’s stock after selling 133,609 shares during the quarter. Arcos Dorados comprises about 1.9% of INCA Investments LLC’s investment portfolio, making the stock its 10th largest position. INCA Investments LLC’s holdings in Arcos Dorados were worth $5,399,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ARCO. Royal Bank of Canada grew its stake in shares of Arcos Dorados by 23.1% in the 1st quarter. Royal Bank of Canada now owns 538,925 shares of the restaurant operator’s stock worth $4,344,000 after buying an additional 101,301 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Arcos Dorados by 58.3% in the 1st quarter. Jane Street Group LLC now owns 309,785 shares of the restaurant operator’s stock valued at $2,497,000 after acquiring an additional 114,034 shares during the last quarter. Jump Financial LLC purchased a new position in Arcos Dorados in the second quarter worth about $1,315,000. WINTON GROUP Ltd grew its position in Arcos Dorados by 213.3% in the second quarter. WINTON GROUP Ltd now owns 50,077 shares of the restaurant operator’s stock worth $395,000 after acquiring an additional 34,094 shares in the last quarter. Finally, Nebula Research & Development LLC increased its stake in Arcos Dorados by 6.3% during the second quarter. Nebula Research & Development LLC now owns 166,767 shares of the restaurant operator’s stock worth $1,316,000 after acquiring an additional 9,892 shares during the last quarter. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of ARCO opened at $8.27 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.73 and a current ratio of 0.80. The company has a 50 day moving average price of $8.51 and a 200-day moving average price of $8.30. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.75. The stock has a market capitalization of $1.74 billion, a PE ratio of 7.45 and a beta of 0.48.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Arcos Dorados had a return on equity of 10.47% and a net margin of 4.86%.The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. Equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Santander raised shares of Arcos Dorados to an “outperform” rating in a research note on Monday, April 20th. The Goldman Sachs Group restated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Finally, Weiss Ratings downgraded Arcos Dorados from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.70.

Arcos Dorados Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.