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

Arcos Dorados Holdings Inc. (NYSE:ARCO)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.20 and last traded at $7.23, with a volume of 3239983 shares changing hands. The stock had previously closed at $7.79.

Analyst Upgrades and Downgrades

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

Arcos Dorados Stock Down 7.2 %

The company’s fifty day simple moving average is $8.66 and its 200-day simple moving average is $9.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market capitalization of $1.52 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12.

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

Institutional Trading of Arcos Dorados

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