Arcos Dorados Holdings Inc (NYSE: ARCO) is 7.69% higher on its value in year-to-date trading and has touched a low of $7.02 and a high of $13.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARCO stock was last observed hovering at around $7.82 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.84, the stock is 5.50% and 0.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 0.26% at the moment leaves the stock -13.49% off its SMA200. ARCO registered -38.46% loss for a year compared to 6-month loss of -19.01%. The firm has a 50-day simple moving average (SMA 50) of $7.784 and a 200-day simple moving average (SMA200) of $9.0785.
The stock witnessed a 7.54% gain in the last 1 month and extending the period to 3 months gives it a -15.52%, and is 8.89% 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 3.30% over the week and 3.07% over the month.
Arcos Dorados Holdings Inc (ARCO) has around 100795 employees, a market worth around $1.65B and $4.50B in sales. Current P/E ratio is 11.30 and Fwd P/E is 10.59. Profit margin for the company is 3.25%. Distance from 52-week low is 11.68% and -39.69% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).
with sales reaching $1.17B over the same period.The EPS is expected to shrink by -24.03% this year, but quarterly earnings will post 3.50% year-over-year. Quarterly sales are estimated to shrink -0.32% in year-over-year returns.
The shares outstanding are 130.66M, and float is at 122.60M with Short Float at 2.04%.
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 6.0698 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.
