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

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.07 and last traded at $8.38, with a volume of 744029 shares changing hands. The stock had previously closed at $8.40.

Wall Street Analyst Weigh In

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

Arcos Dorados Trading Up 2.6 %

The firm has a 50-day simple moving average of $8.91 and a 200-day simple moving average of $9.41. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.82 billion, a PE ratio of 10.49, a P/E/G ratio of 2.55 and a beta of 1.16.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCO. Quarry LP boosted its stake in Arcos Dorados by 431.0% during the second 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 2nd quarter valued at about $93,000. nVerses Capital LLC purchased a new position in shares of Arcos Dorados during the second quarter worth about $105,000. Adalta Capital Management LLC bought a new position in shares of Arcos Dorados in the first quarter worth approximately $111,000. Finally, Blue Trust Inc. raised its stake in Arcos Dorados by 24.6% in the second 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 in the last quarter. 55.91% of the stock is currently owned by hedge funds and other 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.