Sei Investments Co. Increases Stock Position in Arcos Dorados Holdings Inc. $ARCO

Sei Investments Co. raised its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 132.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,483,732 shares of the restaurant operator’s stock after acquiring an additional 1,987,271 shares during the period. Sei Investments Co.’s holdings in Arcos Dorados were worth $28,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in shares of Arcos Dorados by 9,074.6% in the 4th quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 5,717 shares during the last quarter. Quarry LP purchased a new position in Arcos Dorados during the 3rd quarter worth approximately $45,000. Aquatic Capital Management LLC acquired a new position in Arcos Dorados during the third quarter worth approximately $53,000. Tudor Investment Corp ET AL acquired a new position in Arcos Dorados during the third quarter worth approximately $73,000. Finally, Truist Financial Corp purchased a new stake in Arcos Dorados in the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.30 on Tuesday. The stock’s 50-day moving average price is $8.42 and its 200 day moving average price is $8.37. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.75 billion, a PE ratio of 7.48 and a beta of 0.48. Arcos Dorados Holdings Inc. has a 52-week low of $6.51 and a 52-week high of $9.75.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Thursday, May 21st. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a return on equity of 10.47% and a net margin of 4.86%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ARCO. Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Santander raised shares of Arcos Dorados to an “outperform” rating in a report on Monday, April 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. JPMorgan Chase & Co. upgraded shares of Arcos Dorados from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $10.50 in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Arcos Dorados from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.50.

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.