Arcos Dorados (NYSE:ARCO) Reaches New 52-Week Low – Here’s What Happened

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s stock price hit a new 52-week low on Monday . The company traded as low as $7.20 and last traded at $7.20, with a volume of 8197 shares traded. The stock had previously closed at $7.29.

Analyst Ratings Changes

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

Arcos Dorados Stock Down 0.7 %

The stock’s 50 day moving average is $8.30 and its 200 day moving average is $8.88. 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 company has a market capitalization of $1.53 billion, a PE ratio of 10.34, a PEG ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current fiscal year.

Institutional Trading of Arcos Dorados

A number of institutional investors have recently modified their holdings of the company. Fourth Sail Capital LP bought a new stake in shares of Arcos Dorados in the 2nd quarter worth approximately $16,463,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Arcos Dorados in the 3rd quarter worth about $1,557,000. Franklin Resources Inc. purchased a new position in Arcos Dorados during the 3rd quarter valued at about $12,101,000. Diamond Hill Capital Management Inc. bought a new stake in Arcos Dorados during the third quarter worth about $925,000. Finally, Marshall Wace LLP purchased a new stake in Arcos Dorados in the second quarter worth about $7,128,000. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

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.