Catalyst Capital Advisors LLC Purchases New Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Catalyst Capital Advisors LLC acquired a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 80,000 shares of the restaurant operator’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its position in shares of Arcos Dorados by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock worth $222,000 after buying an additional 2,034 shares during the period. Americana Partners LLC grew its holdings in Arcos Dorados by 15.0% during the 2nd quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock worth $155,000 after acquiring 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 acquiring an additional 2,255 shares during the last quarter. 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 period. Finally, Quarry LP boosted its position in shares of Arcos Dorados by 431.0% in the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 2,629 shares during the last quarter. 55.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Stock Down 0.5 %

Shares of NYSE ARCO opened at $8.54 on Wednesday. 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 cap of $1.80 billion, a P/E ratio of 10.54, a P/E/G ratio of 2.58 and a beta of 1.16. The firm has a 50 day moving average price of $8.94 and a 200 day moving average price of $9.49.

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

Arcos Dorados Company 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.