Brightlight Capital Management LP Raises Stock Position in Arcos Dorados Holdings Inc. $ARCO

Brightlight Capital Management LP grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 55.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,466,800 shares of the restaurant operator’s stock after purchasing an additional 1,232,800 shares during the quarter. Arcos Dorados makes up approximately 18.1% of Brightlight Capital Management LP’s holdings, making the stock its 3rd biggest holding. Brightlight Capital Management LP’s holdings in Arcos Dorados were worth $25,446,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARCO. Global Retirement Partners LLC boosted its stake 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 bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $45,000. Aquatic Capital Management LLC bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $53,000. Tudor Investment Corp ET AL bought a new position in shares of Arcos Dorados in the 3rd quarter valued at about $73,000. Finally, Tower Bridge Advisors acquired a new stake in shares of Arcos Dorados in the 3rd quarter valued at approximately $75,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.55 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.73 and a current ratio of 0.80. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $9.75. The company’s 50 day moving average price is $8.72 and its two-hundred day moving average price is $8.20. The company has a market capitalization of $1.80 billion, a P/E ratio of 7.71 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. On average, analysts expect that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARCO. Wall Street Zen raised shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Arcos Dorados in a research note on Wednesday, April 8th. Finally, Santander raised shares of Arcos Dorados to an “outperform” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.70.

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.