XTX Topco Ltd Boosts Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

XTX Topco Ltd grew its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 37.5% during the third quarter, HoldingsChannel reports. The fund owned 61,669 shares of the restaurant operator’s stock after acquiring an additional 16,826 shares during the quarter. XTX Topco Ltd’s holdings in Arcos Dorados were worth $538,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Private Management Group Inc. boosted its position in 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 valued at $20,515,000 after purchasing an additional 184,155 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at about $16,463,000. Perpetual Ltd grew its position in shares of Arcos Dorados by 15.8% in the 3rd quarter. Perpetual Ltd now owns 1,636,470 shares of the restaurant operator’s stock worth $14,270,000 after buying an additional 223,496 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Arcos Dorados by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 876,300 shares of the restaurant operator’s stock worth $7,852,000 after acquiring an additional 52,289 shares in the last quarter. Finally, Managed Asset Portfolios LLC purchased a new stake in Arcos Dorados during the third quarter valued at approximately $7,389,000. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

Shares of NYSE ARCO opened at $7.90 on Friday. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of $1.66 billion, a PE ratio of 11.29, a P/E/G ratio of 3.69 and a beta of 1.12. The business has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $9.04.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Arcos Dorados’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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