Arcos Dorados Holdings Inc (NYSE: ARCO) is -14.98% lower on its value in year-to-date trading and has touched a low of $6.66 and a high of $10.55 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 $7.61 in the last trading session, with the day’s loss setting it -5.97%.
Currently trading at $1.64M, the stock is 2.58% and 1.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing 3254594% at the moment leaves the stock -4.08% off its SMA200. ARCO registered 6.04% gain for a year compared to 6-month gain of 2.93%. The firm has a 50-day simple moving average (SMA 50) of $7.5778 and a 200-day simple moving average (SMA200) of $8.04805.
The stock witnessed a 1.31% loss in the last 1 month and extending the period to 3 months gives it a -3.86%, and is 1.31% 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 2.22% over the week and 2.26% over the month.
Arcos Dorados Holdings Inc (ARCO) has around 98615 employees, a market worth around $1.63B and $4.47B in sales. Current P/E ratio is 12.12 and Fwd P/E is 9.90. Profit margin for the company is 3.00%. Distance from 52-week low is 15.92% and -26.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.74%).
The EPS is expected to shrink by -13.80% this year
231.0 institutions hold shares in Arcos Dorados Holdings Inc (ARCO), with institutional investors hold 50.32% of the company’s shares. The shares outstanding are 130.66M, and float is at 121.07M with Short Float at 2.12%. Institutions hold 48.01% 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.
