Arcos Dorados Holdings Inc (NYSE: ARCO) is -13.63% lower on its value in year-to-date trading and has touched a low of $7.01 and a high of $13.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARCO stock was last observed hovering at around $11.07 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $10.96, the stock is -3.03% and -7.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -0.99% at the moment leaves the stock 0.62% off its SMA200. ARCO registered 42.15% gain for a year compared to 6-month gain of 17.72%. The firm has a 50-day simple moving average (SMA 50) of $0.89 and a 200-day simple moving average (SMA200) of $8.15.
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The stock witnessed a -6.64% loss in the last 1 month and extending the period to 3 months gives it a -10.31%, and is 2.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.25% over the week and 3.41% over the month.
Current P/E ratio is 12.83 and Fwd P/E is 10.99. Profit margin for the company is 4.18%. Distance from 52-week low is 56.24% and -16.97% from its 52-week high. The company has generated returns on investments over the last 12 months (8.64%).
Arcos Dorados Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $1.02B over the same period.The EPS is expected to grow by 5.85% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
238 institutions hold shares in Arcos Dorados Holdings Inc (ARCO), with institutional investors hold 45.80% of the company’s shares. The shares outstanding are 210.59M, and float is at 124.05M with Short Float at 2.68%. Institutions hold 44.37% of the Float.
The top institutional shareholder in the company is Nuveen Asset Management, LLC with over 15.82 million shares valued at $162.17 million. The investor’s holdings represent 12.11% of the ARCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Invesco Ltd. with 8.91 million shares valued at $91.35 million to account for 6.82% of the shares outstanding. The other top investors are Morgan Stanley which holds 5.27 million shares representing 4.03% and valued at over $53.98 million, while Bank of Montreal/Can/ holds 2.30% of the shares totaling 3.01 million with a market value of $30.84 million.
