Fourth Sail Capital LP Invests $16.46 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Fourth Sail Capital LP purchased a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,829,223 shares of the restaurant operator’s stock, valued at approximately $16,463,000. Arcos Dorados comprises approximately 3.8% of Fourth Sail Capital LP’s holdings, making the stock its 12th largest position. Fourth Sail Capital LP owned approximately 0.87% of Arcos Dorados as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARCO. Americana Partners LLC boosted 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 acquiring an additional 2,240 shares during the last quarter. Blue Trust Inc. lifted its position in Arcos Dorados by 24.6% during the second 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. Lazard Asset Management LLC grew its stake in shares of Arcos Dorados by 35.4% in the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock worth $128,000 after buying an additional 3,022 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Arcos Dorados by 0.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 936,912 shares of the restaurant operator’s stock worth $10,419,000 after buying an additional 4,418 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its position 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 buying an additional 5,137 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

ARCO stock opened at $8.41 on Tuesday. The stock has a market cap of $1.77 billion, a PE ratio of 10.38, a P/E/G ratio of 2.34 and a beta of 1.17. Arcos Dorados Holdings Inc. has a 12 month low of $8.08 and a 12 month high of $13.20. The company has a 50-day moving average price of $9.27 and a 200 day moving average price of $10.05. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. cut their target price on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday.

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.