Truxt Investmentos Ltda. Makes New Investment in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Truxt Investmentos Ltda. acquired a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 3rd quarter, Holdings Channel reports. The fund acquired 214,708 shares of the restaurant operator’s stock, valued at approximately $1,872,000. Arcos Dorados comprises approximately 1.3% of Truxt Investmentos Ltda.’s portfolio, making the stock its 15th largest holding.

A number of other hedge funds have also made changes to their positions in ARCO. Squarepoint Ops LLC lifted its holdings in Arcos Dorados by 9.0% in the 2nd quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock valued at $222,000 after acquiring an additional 2,034 shares during the last quarter. Americana Partners LLC raised its holdings in shares of Arcos Dorados by 15.0% in the 2nd quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 2,240 shares in the last quarter. Bfsg LLC lifted its stake in Arcos Dorados by 13.8% during the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 2,255 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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 buying an additional 2,427 shares in the last quarter. Finally, Quarry LP grew its position in Arcos Dorados by 431.0% in the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after buying an additional 2,629 shares during the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective 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 Price Performance

NYSE ARCO opened at $8.52 on Friday. 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 Holdings Inc. has a 1 year low of $8.08 and a 1 year high of $13.20. The company has a market cap of $1.79 billion, a PE ratio of 10.52, a PEG ratio of 2.64 and a beta of 1.16. The stock’s 50-day moving average price is $8.93 and its two-hundred day moving average price is $9.45.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict 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.