Arcos Dorados (NYSE:ARCO) Shares Gap Down – Here’s Why

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.91, but opened at $7.70. Arcos Dorados shares last traded at $7.72, with a volume of 94,944 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, September 13th.

Arcos Dorados Stock Down 1.0 %

The firm’s 50-day moving average price is $8.69 and its two-hundred day moving average price is $9.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market cap of $1.65 billion, a PE ratio of 11.30, a P/E/G ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About Arcos Dorados

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.