Arcos Dorados (NYSE:ARCO) Reaches New 52-Week Low at $8.43

Arcos Dorados Holdings Inc. (NYSE:ARCO) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.43 and last traded at $8.47, with a volume of 38708 shares traded. The stock had previously closed at $8.55.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Friday, May 24th.

Arcos Dorados Price Performance

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.78 and a beta of 1.17. The business has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $10.12. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (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 in the prior year, the company posted $0.14 earnings per share. Arcos Dorados’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Arcos Dorados

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Activest Wealth Management purchased a new position in shares of Arcos Dorados in the 1st quarter worth about $30,000. Quarry LP boosted its stake in Arcos Dorados by 431.0% in the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 2,629 shares during the last quarter. Adalta Capital Management LLC bought a new position in shares of Arcos Dorados during the 1st quarter valued at approximately $111,000. Bank of New York Mellon Corp purchased a new stake in shares of Arcos Dorados during the 2nd quarter worth approximately $93,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Arcos Dorados by 35.4% in the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 3,022 shares during the period. Hedge funds and other institutional investors own 55.91% of the company’s stock.

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.