Arcos Dorados (NYSE:ARCO) Stock Price Down 2.3%

Arcos Dorados Holdings Inc. (NYSE:ARCO) shares dropped 2.3% on Thursday . The company traded as low as $9.69 and last traded at $9.81. Approximately 980,543 shares changed hands during trading, a decline of 15% from the average daily volume of 1,159,703 shares. The stock had previously closed at $10.04.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Friday, May 24th.

Arcos Dorados Stock Down 3.1 %

The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.80 and a beta of 1.21. The company has a current ratio of 0.66, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The firm’s 50 day moving average is $9.41 and its two-hundred day moving average is $10.52.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Arcos Dorados

Several hedge funds have recently made changes to their positions in ARCO. Raymond James & Associates boosted its position in shares of Arcos Dorados by 97.9% in the fourth quarter. Raymond James & Associates now owns 37,050 shares of the restaurant operator’s stock worth $470,000 after acquiring an additional 18,327 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Arcos Dorados by 0.8% during the 4th quarter. Van ECK Associates Corp now owns 793,523 shares of the restaurant operator’s stock valued at $10,070,000 after buying an additional 6,384 shares during the period. Fourth Sail Capital LP acquired a new stake in shares of Arcos Dorados during the 4th quarter worth $22,192,000. Sapient Capital LLC purchased a new position in shares of Arcos Dorados in the 4th quarter worth $3,513,000. Finally, Jump Financial LLC boosted its holdings in Arcos Dorados by 691.3% in the fourth quarter. Jump Financial LLC now owns 167,186 shares of the restaurant operator’s stock valued at $2,122,000 after acquiring an additional 146,059 shares during the last quarter. Institutional investors and hedge funds 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.