Truxt Investmentos Ltda. Acquires 214,708 Shares in Arcos Dorados Holdings Inc.

Truxt Investmentos Ltda. has recently made a significant investment in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by acquiring a new stake during the third quarter. According to the institution's latest 13F filing with the Securities and Exchange Commission, they purchased 214,708 shares of the restaurant operator's stock, which is valued at approximately $1,872,000. This investment now represents around 1.3% of Truxt Investmentos Ltda.'s total holdings, making it the 15th largest position in their portfolio. By the end of the most recent quarter, Truxt Investmentos Ltda. owned roughly 0.10% of Arcos Dorados.

In addition to Truxt Investmentos, other institutional investors have also been active in the market for Arcos Dorados shares. Quarry LP, for example, significantly increased its holdings by 431.0% in the second quarter and now owns 3,239 shares after purchasing an additional 2,629 shares in the last quarter. Furthermore, Bank of New York Mellon Corp acquired a new position in the company worth about $93,000 during the same period. Similarly, nVerses Capital LLC and Adalta Capital Management LLC made new investments valued at approximately $105,000 and $111,000, respectively, showing a growing interest in Arcos Dorados. Notably, Blue Trust Inc. has also raised its position in Arcos Dorados by 24.6% during the second quarter, bringing its total to 12,307 shares.

Analyst Ratings Changes

In a recent research report, JPMorgan Chase & Co. downgraded the price target for Arcos Dorados from $14.00 to $12.00 while maintaining an "overweight" rating for the stock.

Current Stock Performance

As of Friday, shares of Arcos Dorados opened at $8.52. The stock is currently below its 50-day moving average price of $8.93 and its 200-day moving average price of $9.45. Historically, Arcos Dorados has reached a 52-week low of $8.08 and a high of $13.20. The company's market capitalization stands at approximately $1.79 billion, with a price-to-earnings ratio of 10.52 and a PEG ratio of 2.64. Additionally, Arcos Dorados holds a beta of 1.16, indicating its fluctuating volatility in the market.

The last quarterly earnings report from Arcos Dorados was released on August 14, where the company reported earnings of $0.13 per share, aligning with analysts' expectations. During this quarter, the business generated $1.11 billion in revenue, surpassing estimates of $1.06 billion. Moreover, Arcos Dorados recorded a return on equity of 36.55% and a net margin of 3.80%, reflecting a solid performance compared to the same quarter in the previous year, where revenue was up by 6.8% and the prior year's EPS stood at $0.14. Analysts project that Arcos Dorados Holdings Inc. will achieve earnings of $0.69 per share for the current year.

About Arcos Dorados

Arcos Dorados Holdings Inc. operates primarily as a franchisee of McDonald's restaurants. The company possesses the exclusive rights to own, manage, and grant franchises for McDonald's locations across 20 countries and territories in Latin America and the Caribbean, including notable markets such as Argentina, Brazil, and Mexico.

Investment, Shares, Market