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

Quantbot Technologies LP lifted its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 1,472,528.6% during the 3rd quarter, Holdings Channel reports. The firm owned 103,084 shares of the restaurant operator’s stock after buying an additional 103,077 shares during the quarter. Quantbot Technologies LP’s holdings in Arcos Dorados were worth $696,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC boosted its position in Arcos Dorados by 8.9% in the third quarter. Bfsg LLC now owns 24,330 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 1,992 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake 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 last quarter. Dodge & Cox raised its stake 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 last quarter. Nebula Research & Development LLC boosted its holdings in shares of Arcos Dorados by 6.3% in the 2nd 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 in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

ARCO opened at $7.97 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $8.98. The company has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $7.46.

Analyst Upgrades and Downgrades

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