Public Employees Retirement System of Ohio Purchases New Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Public Employees Retirement System of Ohio acquired a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 188,692 shares of the restaurant operator’s stock, valued at approximately $1,645,000. Public Employees Retirement System of Ohio owned about 0.09% of Arcos Dorados as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARCO. Quarry LP raised its position in Arcos Dorados by 431.0% in the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 2,629 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Arcos Dorados during the second quarter worth $93,000. nVerses Capital LLC acquired a new position in shares of Arcos Dorados during the second quarter valued at $105,000. Blue Trust Inc. boosted its holdings in Arcos Dorados by 24.6% in the second quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 2,427 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in Arcos Dorados in the second quarter worth about $116,000. 55.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Price Performance

ARCO opened at $7.23 on Thursday. The company has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $9.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market capitalization of $1.52 billion, a PE ratio of 10.33, a P/E/G ratio of 3.69 and a beta of 1.12. Arcos Dorados Holdings Inc. has a 52 week low of $7.20 and a 52 week high of $13.20.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. As a group, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current year.

Arcos Dorados Company 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.