Thompson Siegel & Walmsley LLC Purchases New Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Thompson Siegel & Walmsley LLC acquired a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 178,500 shares of the restaurant operator’s stock, valued at approximately $1,557,000. Thompson Siegel & Walmsley LLC owned 0.08% of Arcos Dorados at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP boosted its holdings in shares of Arcos Dorados by 431.0% during the second 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 period. Bank of New York Mellon Corp acquired a new stake in shares of Arcos Dorados during the 2nd quarter valued at $93,000. nVerses Capital LLC purchased a new position in shares of Arcos Dorados during the 2nd quarter valued at $105,000. Blue Trust Inc. increased its stake in shares of Arcos Dorados by 24.6% in the second quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock worth $111,000 after acquiring an additional 2,427 shares during the last quarter. Finally, Adalta Capital Management LLC purchased a new stake in shares of Arcos Dorados during the first quarter worth $111,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

NYSE ARCO opened at $8.41 on Friday. The company has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $9.31. Arcos Dorados Holdings Inc. has a 12-month low of $8.07 and a 12-month high of $13.20. The stock has a market capitalization of $1.77 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.68 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 (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. During the same period in the prior year, the company posted $0.30 earnings per share. Arcos Dorados’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

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