Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 36.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,289 shares of the restaurant operator’s stock after selling 50,059 shares during the period. PDT Partners LLC’s holdings in Arcos Dorados were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARCO. Squarepoint Ops LLC grew its holdings in shares of Arcos Dorados by 9.0% in the second quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 2,034 shares during the period. Americana Partners LLC raised its position in shares of Arcos Dorados by 15.0% during the 2nd quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock valued at $155,000 after buying an additional 2,240 shares during the period. Bfsg LLC raised its position in shares of Arcos Dorados by 13.8% during the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 2,255 shares during the period. Blue Trust Inc. lifted its stake in shares of Arcos Dorados by 24.6% in the 2nd quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 2,427 shares during the last quarter. Finally, Quarry LP lifted its position in Arcos Dorados by 431.0% in the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 2,629 shares during the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Up 1.0 %

Shares of NYSE ARCO opened at $8.17 on Tuesday. The stock has a market cap of $1.72 billion, a P/E ratio of 11.67, a PEG ratio of 2.55 and a beta of 1.16. The business’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $9.17. Arcos Dorados Holdings Inc. has a 12-month low of $7.86 and a 12-month high of $13.20. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.66 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note 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.