Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) saw an uptick in trading volume on Wednesday . 1,689,366 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 1,227,688 shares.The stock last traded at $7.74 and had previously closed at $7.79.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. cut their target price on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, September 13th.
Check Out Our Latest Report on Arcos Dorados
Arcos Dorados Stock Up 1.2 %
Arcos Dorados (NYSE:ARCO – Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. Sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of ARCO. Fourth Sail Capital LP acquired a new position in Arcos Dorados during the second quarter worth $16,463,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Arcos Dorados in the 3rd quarter valued at $1,557,000. Diamond Hill Capital Management Inc. acquired a new position in Arcos Dorados during the 3rd quarter worth about $925,000. Marshall Wace LLP purchased a new position in Arcos Dorados during the 2nd quarter valued at about $7,128,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Arcos Dorados in the 3rd quarter valued at about $698,000. Institutional investors and hedge funds own 55.91% of the company’s stock.
Arcos Dorados Company Profile
Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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