Thompson Siegel & Walmsley LLC Invests $1.56 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Thompson Siegel & Walmsley LLC bought a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 178,500 shares of the restaurant operator's stock, valued at approximately $1,557,000. Thompson Siegel & Walmsley LLC owned 0.08% of Arcos Dorados as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourth Sail Capital LP acquired a new position in Arcos Dorados in the second quarter valued at about $16,463,000. Marshall Wace LLP acquired a new position in shares of Arcos Dorados in the 2nd quarter valued at approximately $7,128,000. Fiera Capital Corp bought a new stake in Arcos Dorados during the 3rd quarter worth approximately $3,743,000. Perpetual Ltd raised its holdings in Arcos Dorados by 15.8% during the 3rd quarter. Perpetual Ltd now owns 1,636,470 shares of the restaurant operator's stock worth $14,270,000 after buying an additional 223,496 shares during the period. Finally, Truxt Investmentos Ltda. bought a new position in Arcos Dorados in the third quarter valued at approximately $1,872,000. 55.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Arcos Dorados from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Friday, September 13th.

Arcos Dorados Stock Up 0.8 %

NYSE:ARCO traded up $0.07 during trading hours on Friday, reaching $8.40. 1,348,969 shares of the stock were exchanged, compared to its average volume of 1,112,479. The stock has a market cap of $1.77 billion, a PE ratio of 12.00, a PEG ratio of 2.63 and a beta of 1.16. Arcos Dorados Holdings Inc. has a twelve month low of $8.07 and a twelve month high of $13.20. The firm has a 50 day moving average of $8.94 and a 200 day moving average of $9.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.66 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.