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

Arcos Dorados Holdings Inc. (NYSE:ARCOGet Rating) saw unusually-strong trading volume on Wednesday . Approximately 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 Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Arcos Dorados from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Bradesco Corretora upgraded Arcos Dorados from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, June 15th. Finally, StockNews.com lowered Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.90.

Arcos Dorados Stock Up 0.6 %

The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.45 and a beta of 1.18. The business has a fifty day moving average of $7.36 and a 200 day moving average of $7.36. The company has a debt-to-equity ratio of 3.49, a current ratio of 0.86 and a quick ratio of 0.80.

Arcos Dorados (NYSE:ARCOGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The restaurant operator reported $0.07 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 last year, the firm earned $0.03 earnings per share. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new position in Arcos Dorados during the first quarter worth $66,000. Cambridge Investment Research Advisors Inc. acquired a new position in Arcos Dorados during the second quarter worth $68,000. Quantamental Technologies LLC acquired a new position in Arcos Dorados during the second quarter worth $85,000. SG Americas Securities LLC acquired a new position in Arcos Dorados during the second quarter worth $102,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Arcos Dorados during the second quarter worth $110,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

About Arcos Dorados

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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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