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

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) hit a new 52-week low on Thursday . The company traded as low as $7.20 and last traded at $7.23, with a volume of 3239983 shares changing hands. The stock had previously closed at $7.79.

Analyst Upgrades and Downgrades

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

Arcos Dorados Stock Performance

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 $1.58 billion, a P/E ratio of 10.71, a P/E/G ratio of 3.69 and a beta of 1.12. The company’s 50 day moving average is $8.56 and its 200 day moving average is $8.98.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP boosted its position in Arcos Dorados by 431.0% during the 2nd quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after buying an additional 2,629 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Arcos Dorados during the second quarter worth $93,000. nVerses Capital LLC bought a new stake in shares of Arcos Dorados in the second quarter worth $105,000. MQS Management LLC acquired a new stake in Arcos Dorados in the second quarter valued at $116,000. Finally, Magnetar Financial LLC bought a new position in Arcos Dorados during the 2nd quarter worth $150,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

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.