Emeth Value Capital LLC Has $13.32 Million Holdings in Arcos Dorados Holdings Inc. $ARCO

Emeth Value Capital LLC increased its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,973,667 shares of the restaurant operator’s stock after acquiring an additional 443,327 shares during the period. Arcos Dorados comprises about 12.9% of Emeth Value Capital LLC’s investment portfolio, making the stock its 4th biggest position. Emeth Value Capital LLC’s holdings in Arcos Dorados were worth $13,322,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mraz Amerine & Associates Inc. bought a new position in Arcos Dorados during the second quarter worth about $120,000. Olympiad Research LP bought a new position in shares of Arcos Dorados during the 2nd quarter worth approximately $140,000. R Squared Ltd lifted its position in shares of Arcos Dorados by 66.8% during the 2nd quarter. R Squared Ltd now owns 19,681 shares of the restaurant operator’s stock worth $155,000 after buying an additional 7,881 shares during the period. Hancock Whitney Corp boosted its stake in Arcos Dorados by 17.5% in the 1st quarter. Hancock Whitney Corp now owns 31,282 shares of the restaurant operator’s stock valued at $252,000 after buying an additional 4,670 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its position in Arcos Dorados by 9.9% in the second quarter. Baker Ellis Asset Management LLC now owns 44,500 shares of the restaurant operator’s stock valued at $351,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research raised Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. reduced their price target 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, November 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Arcos Dorados in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.70.

Arcos Dorados Stock Down 0.5%

Shares of NYSE ARCO opened at $7.31 on Friday. Arcos Dorados Holdings Inc. has a 12-month low of $6.51 and a 12-month high of $8.52. The firm’s 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.19. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Arcos Dorados had a net margin of 5.39% and a return on equity of 20.42%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share 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.