Brightlight Capital Management LP Increases Stake in Arcos Dorados Holdings Inc. $ARCO

Brightlight Capital Management LP raised its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 55.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,466,800 shares of the restaurant operator’s stock after acquiring an additional 1,232,800 shares during the period. Arcos Dorados accounts for about 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.

A number of other institutional investors have also recently bought and sold shares of ARCO. Global Retirement Partners LLC lifted its stake in Arcos Dorados by 9,074.6% in the fourth quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 5,717 shares in the last quarter. Quarry LP acquired a new stake in shares of Arcos Dorados in the third quarter valued at approximately $45,000. Aquatic Capital Management LLC acquired a new stake in shares of Arcos Dorados in the third quarter valued at approximately $53,000. Tudor Investment Corp ET AL acquired a new stake in shares of Arcos Dorados in the third quarter valued at approximately $73,000. Finally, Tower Bridge Advisors acquired a new stake in shares of Arcos Dorados in the third quarter valued at approximately $75,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

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

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.21 billion. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts expect that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Santander upgraded shares of Arcos Dorados to an “outperform” rating in a report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.70.

Arcos Dorados 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.