Arcos Dorados (NYSE:ARCO) Shares Gap Down – Time to Sell?

Arcos Dorados Holdings Inc. (NYSE:ARCO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $7.91, but opened at $7.70. Arcos Dorados shares last traded at $7.72, with a volume of 94,944 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased 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 Stock Down 1.0 %

The firm has a 50 day moving average of $8.69 and a two-hundred day moving average of $9.02. 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 stock has a market capitalization of $1.65 billion, a PE ratio of 11.30, a P/E/G ratio of 3.69 and a beta of 1.12.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Arcos Dorados

Several hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in shares of 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 purchasing an additional 2,629 shares during the period. Bank of New York Mellon Corp acquired a new stake in Arcos Dorados in the 2nd quarter worth about $93,000. nVerses Capital LLC purchased a new stake in Arcos Dorados in the 2nd quarter valued at about $105,000. Blue Trust Inc. increased its stake in shares of Arcos Dorados by 24.6% during the 2nd quarter. Blue Trust Inc. now owns 12,307 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 2,427 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Arcos Dorados during the 2nd quarter worth about $116,000. 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.