Arcos Dorados (NYSE:ARCO) Hits New 12-Month Low - Here's Why

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

Analyst Upgrades and Downgrades

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 Performance

The stock has a market cap of $1.54 billion, a P/E ratio of 10.46, a PEG ratio of 3.69 and a beta of 1.12. The stock has a fifty day simple moving average of $8.61 and a 200-day simple moving average of $8.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARCO. Quarry LP boosted its position in Arcos Dorados by 431.0% during the 2nd 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 period. Bank of New York Mellon Corp bought a new stake in Arcos Dorados in the 2nd quarter valued at about $93,000. nVerses Capital LLC bought a new stake in Arcos Dorados during the 2nd quarter valued at $105,000. Blue Trust Inc. lifted its position in Arcos Dorados by 24.6% in 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 in the last quarter. Finally, MQS Management LLC purchased a new stake in Arcos Dorados in the 2nd quarter valued at $116,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

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.