Arcos Dorados (NYSE:ARCO) Reaches New 1-Year Low at $8.43

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $8.43 and last traded at $8.47, with a volume of 38708 shares. 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 report on Friday, May 24th.

Arcos Dorados Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52. The company’s fifty day moving average is $9.34 and its 200 day moving average is $10.17. The company has a market cap of $1.78 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company posted $0.14 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Arcos Dorados

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Activest Wealth Management purchased a new position in shares of Arcos Dorados in the first quarter worth approximately $30,000. Quarry LP boosted its holdings 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 worth $29,000 after buying an additional 2,629 shares during the last quarter. Adalta Capital Management LLC purchased a new position in Arcos Dorados during the first quarter valued at approximately $111,000. Bank of New York Mellon Corp purchased a new position in Arcos Dorados during the second quarter valued at approximately $93,000. Finally, Lazard Asset Management LLC lifted its holdings in Arcos Dorados by 35.4% during the first quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 3,022 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

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.