Arcos Dorados Holdings Inc (NYSE: ARCO) is -32.23% lower on its value in year-to-date trading and has touched a low of $8.08 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 $8.40 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $8.60, the stock is -2.75% and -3.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 2.38% at the moment leaves the stock -14.20% off its SMA200. ARCO registered -10.70% loss for a year compared to 6-month loss of -18.64%. The firm has a 50-day simple moving average (SMA 50) of $8.9088 and a 200-day simple moving average (SMA200) of $10.02315.
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The stock witnessed a -10.42% gain in the last 1 month and extending the period to 3 months gives it a -10.14%, and is -1.04% down 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 4.05% over the week and 3.15% over the month.
Arcos Dorados Holdings Inc (ARCO) has around 100795 employees, a market worth around $1.81B and $4.49B in sales. Current P/E ratio is 10.62 and Fwd P/E is 10.73. Profit margin for the company is 3.80%. Distance from 52-week low is 6.44% and -34.85% from its 52-week high. The company has generated returns on investments over the last 12 months (8.48%).
The EPS is expected to shrink by -23.54% this year
The shares outstanding are 130.65M, and float is at 124.13M with Short Float at 3.64%.
The top institutional shareholder in the company is NUVEEN ASSET MANAGEMENT, LLC with over 15.82 million shares valued at $142.39 million. The investor’s holdings represent 7.5107 of the ARCO Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 12.79 million shares valued at $115.08 million to account for 6.07 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 7.73 million shares representing 3.6679 and valued at over $69.54 million, while MORGAN STANLEY holds 2.5655 of the shares totaling 5.4 million with a market value of $48.64 million.
