Arcos Dorados Holdings Inc (NYSE: ARCO) is -34.59% lower on its value in year-to-date trading and has touched a low of $7.86 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 $8.18 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $8.30, the stock is -1.47% and -6.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 1.47% at the moment leaves the stock -14.85% off its SMA200. ARCO registered -31.29% loss for a year compared to 6-month loss of -15.82%. The firm has a 50-day simple moving average (SMA 50) of $8.9008 and a 200-day simple moving average (SMA200) of $9.7639.
The stock witnessed a -2.81% gain in the last 1 month and extending the period to 3 months gives it a -2.92%, and is 1.22% 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 2.98% over the week and 3.30% over the month.
Arcos Dorados Holdings Inc (ARCO) has around 100795 employees, a market worth around $1.75B and $4.50B in sales. Current P/E ratio is 11.96 and Fwd P/E is 10.75. Profit margin for the company is 3.25%. Distance from 52-week low is 5.60% and -37.12% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).
The EPS is expected to shrink by -25.36% this year
The shares outstanding are 130.66M, and float is at 124.14M with Short Float at 3.47%.
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.
