Arcos Dorados (NYSE:ARCO) Sees Large Volume Increase - Here's Why

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,689,366 shares were traded during trading, an increase of 38% from the previous session's volume of 1,227,688 shares.The stock last traded at $7.74 and had previously closed at $7.79.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on shares of Arcos Dorados from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Friday, September 13th.

Arcos Dorados Price Performance

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.69 and a beta of 1.12. 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 stock has a 50-day moving average price of $8.66 and a 200 day moving average price of $9.00.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 29.74% and a net margin of 3.25%. The company's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arcos Dorados

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP lifted 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 acquiring an additional 2,629 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Arcos Dorados during the second quarter worth approximately $93,000. nVerses Capital LLC acquired a new stake in shares of Arcos Dorados during the second quarter worth $105,000. Blue Trust Inc. grew 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 buying an additional 2,427 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Arcos Dorados in the 2nd quarter valued at $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.