Truxt Investmentos Ltda. Acquires Significant Stake in Arcos Dorados Holdings Inc.

During the third quarter, Truxt Investmentos Ltda. made a notable investment in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) as detailed in its latest 13F filing with the Securities and Exchange Commission. The institutional investor acquired 214,708 shares, which are valued at approximately $1,872,000. This acquisition represents about 1.3% of Truxt Investmentos Ltda.'s total holdings, making Arcos Dorados the 15th largest investment in their portfolio. By the end of the quarter, Truxt Investmentos Ltda. owned around 0.10% of Arcos Dorados shares.

Other institutional investors have also made moves in Arcos Dorados recently. Quarry LP significantly increased its position by 431.0% in the second quarter, now holding 3,239 shares valued at $29,000 after purchasing an additional 2,629 shares. The Bank of New York Mellon Corp also opened a new position worth about $93,000 during the same period. Similarly, nVerses Capital LLC invested around $105,000 for a new position, and Adalta Capital Management LLC bought $111,000 worth of shares in the first quarter. Blue Trust Inc. raised its position by 24.6% in the second quarter, owning 12,307 shares valued at $111,000 after adding 2,427 shares. Overall, institutional investors hold 55.91% of Arcos Dorados stock.

Latest Analyst Outlook

In addition, there has been a recent adjustment in analyst ratings. JPMorgan Chase & Co. lowered its price target for Arcos Dorados from $14.00 to $12.00, while maintaining an “overweight” rating as of September 13th.

Current Trading Status

As of last Friday, Arcos Dorados shares traded down 1.2%, opening at $8.52. The company has a 50-day moving average price at $8.93, and a 200-day moving average price at $9.45. The stock's 52-week range has seen a low of $8.08 and a high of $13.20. With a market capitalization of $1.79 billion, Arcos Dorados has a price-to-earnings ratio of 10.52, along with a PEG ratio of 2.64 and a beta of 1.16. Its liquidity ratios are moderate, with a quick ratio of 0.57, a current ratio of 0.63, and a debt-to-equity ratio of 1.52.

Company Overview

Arcos Dorados Holdings Inc. is a franchisee of McDonald's restaurants, holding the exclusive rights to operate and grant franchises across 20 countries and territories in Latin America and the Caribbean. This includes major markets such as Argentina, Brazil, and Mexico among others.

Investment, Stocks, Institutional