INCA Investments LLC Cuts Holdings in Arcos Dorados Holdings Inc. $ARCO

INCA Investments LLC lowered its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 13.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,215,564 shares of the restaurant operator’s stock after selling 182,989 shares during the quarter. Arcos Dorados comprises about 3.8% of INCA Investments LLC’s portfolio, making the stock its 8th biggest holding. INCA Investments LLC owned 0.58% of Arcos Dorados worth $8,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ARCO. Arkadios Wealth Advisors bought a new stake in shares of Arcos Dorados during the 3rd quarter worth about $76,000. Campbell & CO Investment Adviser LLC bought a new position in Arcos Dorados during the 3rd quarter valued at $97,000. Mraz Amerine & Associates Inc. bought a new stake in shares of Arcos Dorados in the 2nd quarter worth $120,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Arcos Dorados in the third quarter valued at $139,000. Finally, Olympiad Research LP bought a new position in Arcos Dorados during the second quarter valued at about $140,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research upgraded Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arcos Dorados in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.70.

Arcos Dorados Stock Up 0.7%

Shares of Arcos Dorados stock opened at $8.24 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.32. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $8.52. The stock has a 50-day moving average price of $7.54 and a 200 day moving average price of $7.21. The company has a market cap of $1.72 billion, a P/E ratio of 7.04, a P/E/G ratio of 3.01 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arcos Dorados had a return on equity of 20.42% and a net margin of 5.39%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.