XTX Topco Ltd Increases Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

XTX Topco Ltd boosted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,669 shares of the restaurant operator’s stock after buying an additional 16,826 shares during the period. XTX Topco Ltd’s holdings in Arcos Dorados were worth $538,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its position 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 valued at $29,000 after buying an additional 2,629 shares during the period. Bank of New York Mellon Corp purchased a new position in Arcos Dorados during the 2nd quarter valued at $93,000. nVerses Capital LLC bought a new position in Arcos Dorados in the 2nd quarter valued at $105,000. Blue Trust Inc. grew its position in Arcos Dorados by 24.6% in the 2nd quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 2,427 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Arcos Dorados during the second quarter worth $116,000. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Stock Performance

Arcos Dorados stock 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 market capitalization 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 company has a 50 day moving average price of $8.72 and a 200-day moving average price of $9.04. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO) last issued 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. As a group, equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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