Sagil Capital LLP Invests $1.13 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Sagil Capital LLP acquired a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 130,000 shares of the restaurant operator’s stock, valued at approximately $1,134,000. Arcos Dorados makes up approximately 0.7% of Sagil Capital LLP’s investment portfolio, making the stock its 12th largest position. Sagil Capital LLP owned approximately 0.06% of Arcos Dorados as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC grew its position in Arcos Dorados by 35.4% during the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 3,022 shares during the last quarter. Adalta Capital Management LLC purchased a new position in shares of Arcos Dorados in the first quarter valued at about $111,000. Deltec Asset Management LLC raised its stake in shares of Arcos Dorados by 4.7% during the second quarter. Deltec Asset Management LLC now owns 235,038 shares of the restaurant operator’s stock valued at $2,115,000 after acquiring an additional 10,500 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Arcos Dorados by 24.6% during the second quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock worth $111,000 after purchasing an additional 2,427 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Arcos Dorados in the second quarter worth about $93,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of NYSE:ARCO remained flat at $8.40 on Monday. 190,072 shares of the stock traded hands, compared to its average volume of 1,209,082. The stock’s 50-day moving average is $8.94 and its 200-day moving average is $9.27. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.65 and a beta of 1.16. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 12-month low of $8.07 and a 12-month high of $13.20.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 EPS 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 during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $0.30 earnings per share. Arcos Dorados’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target 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.

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.