Arcos Dorados (NYSE:ARCO) Hits New 1-Year Low - Here's What Happened

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $7.20 and last traded at $7.20, with a volume of 8197 shares trading hands. The stock had previously closed at $7.29.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target 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 Trading Down 1.1 %

The firm's fifty day simple moving average is $8.30 and its 200-day simple moving average is $8.88. 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 stock has a market cap of $1.52 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12.

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

Institutional Investors Weigh In On Arcos Dorados

Several institutional investors and hedge funds have recently made changes to their positions in ARCO. Quarry LP boosted its stake in Arcos Dorados by 431.0% during the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 2,629 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Arcos Dorados in the 2nd quarter valued at about $93,000. nVerses Capital LLC acquired a new position in Arcos Dorados during the 2nd quarter worth approximately $105,000. MQS Management LLC bought a new position in Arcos Dorados in the second quarter worth approximately $116,000. Finally, Magnetar Financial LLC acquired a new stake in Arcos Dorados in the second quarter valued at approximately $150,000. Institutional investors own 55.91% of the company's stock.

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.