17,710 Shares in Arcos Dorados Holdings Inc. $ARCO Bought by Olympiad Research LP

Olympiad Research LP bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,710 shares of the restaurant operator’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC lifted its stake in Arcos Dorados by 50.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 75,000 shares of the restaurant operator’s stock valued at $592,000 after purchasing an additional 25,000 shares during the last quarter. RWA Wealth Partners LLC bought a new stake in Arcos Dorados during the 2nd quarter worth $789,000. Fox Run Management L.L.C. increased its holdings in Arcos Dorados by 29.8% in the 2nd quarter. Fox Run Management L.L.C. now owns 81,781 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 18,791 shares in the last quarter. Seafarer Capital Partners LLC increased its holdings in Arcos Dorados by 30.0% in the 2nd quarter. Seafarer Capital Partners LLC now owns 260,000 shares of the restaurant operator’s stock worth $2,051,000 after purchasing an additional 60,000 shares in the last quarter. Finally, American Capital Advisory LLC raised its position in Arcos Dorados by 29.6% in the second quarter. American Capital Advisory LLC now owns 310,048 shares of the restaurant operator’s stock valued at $2,446,000 after purchasing an additional 70,905 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Research downgraded Arcos Dorados from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Weiss Ratings lowered Arcos Dorados from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $8.70.

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock opened at $7.30 on Friday. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $8.88. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average price of $7.01 and a 200-day moving average price of $7.26. The company has a market cap of $1.54 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.46 and a beta of 0.60.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Arcos Dorados had a return on equity of 24.54% and a net margin of 2.89%.The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.17 EPS. Arcos Dorados’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal 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.