Arcos Dorados (NYSE:ARCO) Sets New 12-Month Low - Time to Sell?

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $6.70 and last traded at $6.98, with a volume of 856910 shares changing hands. The stock had previously closed at $7.24.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Arcos Dorados from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Arcos Dorados Price Performance

The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.31 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The company's fifty day moving average is $7.95 and its two-hundred day moving average is $8.16.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

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Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.32%. Arcos Dorados's dividend payout ratio is currently 33.33%.

Institutional Trading of Arcos Dorados

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Keefe Stevens Advisory Inc. increased its position in shares of Arcos Dorados by 0.4% in the first quarter. O Keefe Stevens Advisory Inc. now owns 506,247 shares of the restaurant operator's stock valued at $4,080,000 after acquiring an additional 2,058 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Arcos Dorados by 53.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 289,153 shares of the restaurant operator's stock worth $2,105,000 after purchasing an additional 100,461 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Arcos Dorados during the 4th quarter worth approximately $350,000. Voloridge Investment Management LLC boosted its holdings in shares of Arcos Dorados by 3.6% in the 4th quarter. Voloridge Investment Management LLC now owns 900,088 shares of the restaurant operator's stock valued at $6,553,000 after buying an additional 31,010 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Arcos Dorados during the fourth quarter worth $223,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

About Arcos Dorados

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.