Arcos Dorados (NYSE:ARCO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.23 and traded as high as $8.30. Arcos Dorados shares last traded at $8.1350, with a volume of 802,283 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ARCO shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Arcos Dorados from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Santander upgraded shares of Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.70.

Arcos Dorados Stock Up 2.4%

The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 7.50 and a beta of 0.46. The business’s 50-day moving average is $8.69 and its 200-day moving average is $8.23. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.73 and a current ratio of 0.80.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, May 20th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. On average, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP raised its position in Arcos Dorados by 1,472,528.6% in the 3rd quarter. Quantbot Technologies LP now owns 103,084 shares of the restaurant operator’s stock valued at $696,000 after purchasing an additional 103,077 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Arcos Dorados in the fourth quarter worth $771,000. Private Management Group Inc. grew its holdings in shares of Arcos Dorados by 6.2% during the third quarter. Private Management Group Inc. now owns 3,379,280 shares of the restaurant operator’s stock worth $22,810,000 after purchasing an additional 196,282 shares during the last quarter. Dumac Inc. bought a new stake in shares of Arcos Dorados during the fourth quarter worth $447,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at $771,000. 55.91% of the stock is owned by institutional investors and hedge funds.

About Arcos Dorados

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.