Arcos Dorados Holdings Inc (NYSE: ARCO) is -5.63% lower on its value in year-to-date trading and has touched a low of $6.70 and a high of $11.49 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 $7.01 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $6.87, the stock is -14.15% and -14.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.77 million and changing -2.00% at the moment leaves the stock -19.45% off its SMA200. ARCO registered -35.37% loss for a year compared to 6-month loss of -28.88%. The firm has a 50-day simple moving average (SMA 50) of $7.997 and a 200-day simple moving average (SMA200) of $8.5284.
The stock witnessed a -13.15% gain in the last 1 month and extending the period to 3 months gives it a -7.66%, and is -16.52% 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 5.98% over the week and 4.05% over the month.
Current P/E ratio is 9.90 and Fwd P/E is 8.44. Profit margin for the company is 3.33%. Distance from 52-week low is 2.54% and -40.21% from its 52-week high. The company has generated returns on investments over the last 12 months (7.18%).
with sales reaching $1.02B over the same period.The EPS is expected to shrink by -3.87% this year, but quarterly earnings will post 3.03% year-over-year. Quarterly sales are estimated to shrink -5.68% in year-over-year returns.
Arcos Dorados Holdings Inc (ARCO) Top Institutional Holders
224.0 institutions hold shares in Arcos Dorados Holdings Inc (ARCO), with institutional investors hold 55.74% of the company’s shares. The shares outstanding are 210.66M, and float is at 121.18M with Short Float at 1.17%. Institutions hold 53.22% of the Float.
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 7.5105% 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 2.5654 of the shares totaling 5.4 million with a market value of $48.64 million.
Arcos Dorados Holdings Inc (ARCO) Insider Activity
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Still, SEC filings show that on Aug 30 ’24, Annette Franqui (Director) Proposed Sale 200,000 shares at an average price of $1.00 for $0.2 million. The insider now directly holds shares of Arcos Dorados Holdings Inc (ARCO).
