Quantbot Technologies LP Has $696,000 Stock Position in Arcos Dorados Holdings Inc. $ARCO

Quantbot Technologies LP grew its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 1,472,528.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,084 shares of the restaurant operator’s stock after purchasing an additional 103,077 shares during the quarter. Quantbot Technologies LP’s holdings in Arcos Dorados were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bfsg LLC increased its position in Arcos Dorados by 8.9% in the 3rd quarter. Bfsg LLC now owns 24,330 shares of the restaurant operator’s stock worth $164,000 after buying an additional 1,992 shares during the period. Mraz Amerine & Associates Inc. boosted its position in shares of Arcos Dorados by 16.5% in the third quarter. Mraz Amerine & Associates Inc. now owns 17,665 shares of the restaurant operator’s stock valued at $119,000 after acquiring an additional 2,500 shares during the period. Dodge & Cox boosted its position in shares of Arcos Dorados by 3.7% in the second quarter. Dodge & Cox now owns 109,966 shares of the restaurant operator’s stock valued at $868,000 after acquiring an additional 3,966 shares during the period. Nebula Research & Development LLC grew its stake in shares of Arcos Dorados by 6.3% in the second quarter. Nebula Research & Development LLC now owns 166,767 shares of the restaurant operator’s stock worth $1,316,000 after acquiring an additional 9,892 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Arcos Dorados during the third quarter worth $76,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Down 0.4%

ARCO opened at $7.97 on Friday. The stock’s 50 day simple moving average is $8.11 and its 200-day simple moving average is $7.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.81 and a current ratio of 0.89. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $8.98.

Analysts Set New Price Targets

Several equities analysts recently commented on ARCO shares. JPMorgan Chase & Co. cut their target price on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Zacks Research upgraded shares of Arcos Dorados from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arcos Dorados in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.70.

Arcos Dorados Company Profile

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.