MQS Management LLC Has $222,000 Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

MQS Management LLC raised its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 98.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,469 shares of the restaurant operator’s stock after purchasing an additional 12,626 shares during the quarter. MQS Management LLC’s holdings in Arcos Dorados were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Diamond Hill Capital Management Inc. bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $925,000. Seafarer Capital Partners LLC bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $1,744,000. Truxt Investmentos Ltda. bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $1,872,000. Fiera Capital Corp bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $3,743,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $698,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Arcos Dorados stock opened at $8.81 on Friday. Arcos Dorados Holdings Inc. has a 52 week low of $8.07 and a 52 week high of $13.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a market capitalization of $1.85 billion, a P/E ratio of 12.58, a PEG ratio of 2.71 and a beta of 1.16. The stock has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $9.38.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Arcos Dorados had a return on equity of 30.07% and a net margin of 3.25%. Arcos Dorados’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. Analysts expect that Arcos Dorados Holdings Inc. will post 0.66 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, September 13th.

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.