Arcos Dorados (NYSE:ARCO) Sets New 52-Week Low - What's Next?

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $7.86 and last traded at $8.02, with a volume of 390407 shares changing hands. The stock had previously closed at $8.20.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped 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 1.3 %

The company has a market capitalization of $1.70 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. 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 firm's fifty day moving average is $8.91 and its 200-day moving average is $9.19.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. As a group, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.66 EPS for the current year.

Institutional Investors Weigh In On Arcos Dorados

A number of institutional investors have recently added to or reduced their stakes in ARCO. Quarry LP boosted its stake in shares of Arcos Dorados by 431.0% in the 2nd 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 last quarter. Bank of New York Mellon Corp bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $93,000. Lazard Asset Management LLC boosted its stake in shares of Arcos Dorados by 35.4% in the 1st 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 during the last quarter. nVerses Capital LLC bought a new stake in shares of Arcos Dorados in the 2nd quarter valued at $105,000. Finally, Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 2,427 shares during the last quarter. 55.91% of the stock is 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.