Arcos Dorados (NYSE:ARCO) Hits New 1-Year Low – Time to Sell?

Arcos Dorados Holdings Inc. (NYSE:ARCOGet Free Report)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $7.20 and last traded at $7.23, with a volume of 3239983 shares traded. The stock had previously closed at $7.79.

Analysts Set New Price Targets

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

Check Out Our Latest Report on ARCO

Arcos Dorados Trading Down 7.2 %

The company has a fifty day moving average price of $8.66 and a 200-day moving average price of $9.00. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCOGet Free Report) last posted its earnings results 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. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current year.

Hedge Funds Weigh In On Arcos Dorados

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its holdings 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 during the period. Bank of New York Mellon Corp acquired a new position in Arcos Dorados during the second quarter worth $93,000. American Capital Advisory LLC lifted its holdings in Arcos Dorados by 11.8% during the second quarter. American Capital Advisory LLC now owns 290,411 shares of the restaurant operator’s stock valued at $2,614,000 after purchasing an additional 30,595 shares in the last quarter. Americana Partners LLC lifted its holdings in Arcos Dorados by 15.0% during the second quarter. Americana Partners LLC now owns 17,204 shares of the restaurant operator’s stock valued at $155,000 after purchasing an additional 2,240 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Arcos Dorados during the second quarter worth about $105,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

About Arcos Dorados

(Get Free Report)

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.

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