Currently, there are 130.65M common shares owned by the public and among those 124.13M shares have been available to trade.
The company’s stock has a 5-day price change of 18.09% and 12.00% over the past three months. ARCO shares are trading -21.28% year to date (YTD), with the 12-month market performance up to 5.60% higher. It has a 12-month low price of $8.08 and touched a high of $13.20 over the same period. ARCO has an average intraday trading volume of 1.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.62%, 10.47%, and -5.18% respectively.
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Institutional ownership of Arcos Dorados Holdings Inc (NYSE: ARCO) shares accounts for 45.60% of the company’s 130.65M shares outstanding.
It has a market capitalization of $2.10B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 12.33, while the earnings-per-share (ttm) stands at $0.81. The company has a PEG of 0.29 and a Quick Ratio of 0.57 with the debt-to-equity ratio at 3.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.00% over the week and 3.32% over the month.
Earnings per share for the fiscal year are expected to decrease by -19.23%, and 23.29% over the next financial year. EPS should grow at an annualized rate of 42.56% over the next five years, compared to 37.69% over the past 5-year period.
Looking at the support for the ARCO, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 01, 2023, with the firm’s price target at $15. Barclays coverage for the Arcos Dorados Holdings Inc (ARCO) stock in a research note released on September 27, 2022 offered a Overweight rating with a price target of $9. HSBC Securities was of a view on April 04, 2022 that the stock is Hold, while BofA Securities gave the stock Buy rating on March 24, 2022, issuing a price target of $7.80- $10. Credit Suisse on their part issued Outperform rating on February 23, 2022.
