Arcos Dorados (NYSE:ARCO) Sees Unusually-High Trading Volume

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCOGet Rating) saw strong trading volume on Wednesday . 29,048 shares changed hands during trading, a decline of 95% from the previous session’s volume of 573,087 shares.The stock last traded at $7.22 and had previously closed at $7.52.

Wall Street Analysts Forecast Growth

ARCO has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Arcos Dorados from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th. StockNews.com downgraded Arcos Dorados from a “strong-buy” rating to a “buy” rating in a report on Monday, September 12th. Finally, Bradesco Corretora upgraded Arcos Dorados from a “neutral” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.90.

Arcos Dorados Price Performance

The stock has a fifty day moving average price of $7.36 and a 200-day moving average price of $7.36. The firm has a market capitalization of $1.53 billion, a PE ratio of 13.70, a P/E/G ratio of 0.45 and a beta of 1.18. The company has a debt-to-equity ratio of 3.49, a quick ratio of 0.80 and a current ratio of 0.86.

Arcos Dorados (NYSE:ARCOGet Rating) last announced its quarterly earnings results on Wednesday, August 10th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.43% and a return on equity of 52.60%. During the same period in the previous year, the company earned $0.03 earnings per share. Sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ARCO. Counterpoint Mutual Funds LLC purchased a new position in Arcos Dorados during the 1st quarter worth $66,000. Cambridge Investment Research Advisors Inc. purchased a new position in Arcos Dorados during the 2nd quarter worth $68,000. Quantamental Technologies LLC purchased a new position in Arcos Dorados during the 2nd quarter worth $85,000. SG Americas Securities LLC purchased a new position in Arcos Dorados during the 2nd quarter worth $102,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Arcos Dorados during the 2nd quarter worth $110,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcos Dorados Company Profile

(Get Rating)

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. The company 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.

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