Arcos Dorados (NYSE:ARCO) Sets New 12-Month Low – Here’s Why

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.86 and last traded at $7.89, with a volume of 398131 shares traded. The stock had previously closed at $8.09.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

Arcos Dorados Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $9.04. The stock has a market capitalization of $1.66 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. On average, equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Arcos Dorados

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Arcos Dorados by 431.0% in the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 2,629 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Arcos Dorados during the second quarter valued at approximately $93,000. nVerses Capital LLC acquired a new position in shares of Arcos Dorados during the second quarter worth approximately $105,000. Blue Trust Inc. grew its position in Arcos Dorados by 24.6% in the 2nd quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 2,427 shares during the period. Finally, MQS Management LLC bought a new stake in Arcos Dorados during the 2nd quarter valued at $116,000. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.