Arcos Dorados (NYSE:ARCO) Sets New 1-Year Low – What’s Next?

Arcos Dorados Holdings Inc. (NYSE:ARCO) shares reached a new 52-week low on Thursday . The company 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.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased 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 note on Friday, September 13th.

Arcos Dorados Trading Up 1.9 %

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

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.13 billion during 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%. Arcos Dorados’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Research analysts predict 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 have recently modified their holdings of the company. Squarepoint Ops LLC boosted its position in Arcos Dorados by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 24,690 shares of the restaurant operator’s stock worth $222,000 after buying an additional 2,034 shares during the period. Americana Partners LLC grew its stake in shares of Arcos Dorados by 15.0% in the second quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 2,240 shares during the last quarter. Bfsg LLC increased its holdings in Arcos Dorados by 13.8% in the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 2,255 shares during the period. Blue Trust Inc. raised its position in 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 purchasing an additional 2,427 shares during the last quarter. Finally, Quarry LP raised 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 purchasing an additional 2,629 shares during the last quarter. 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.