Thompson Siegel & Walmsley LLC Invests $1.56 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Thompson Siegel & Walmsley LLC bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the third quarter, Holdings Channel reports. The firm bought 178,500 shares of the restaurant operator’s stock, valued at approximately $1,557,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Management Group Inc. lifted its holdings in shares of Arcos Dorados by 8.5% during the third quarter. Private Management Group Inc. now owns 2,352,659 shares of the restaurant operator’s stock worth $20,515,000 after buying an additional 184,155 shares during the last quarter. Fourth Sail Capital LP acquired a new position in Arcos Dorados during the 2nd quarter valued at $16,463,000. Perpetual Ltd boosted its holdings in Arcos Dorados by 15.8% in the 3rd quarter. Perpetual Ltd now owns 1,636,470 shares of the restaurant operator’s stock valued at $14,270,000 after purchasing an additional 223,496 shares during the period. Van ECK Associates Corp grew its position in Arcos Dorados by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 876,300 shares of the restaurant operator’s stock worth $7,852,000 after purchasing an additional 52,289 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Arcos Dorados during the 2nd quarter worth about $7,128,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, September 13th.

Arcos Dorados Stock Performance

ARCO opened at $8.41 on Friday. The stock has a market cap of $1.77 billion, a PE ratio of 12.01, a P/E/G ratio of 2.68 and a beta of 1.16. Arcos Dorados Holdings Inc. has a 1 year low of $8.07 and a 1 year high of $13.20. The stock’s 50 day simple moving average is $8.94 and its 200-day simple moving average is $9.31. 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 announced its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.66 EPS for the current year.

Arcos Dorados 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.