Arcos Dorados (NYSE:ARCO) Sees Unusually-High Trading Volume - What's Next?

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) saw an uptick in trading volume on Thursday . 2,385,070 shares were traded during trading, an increase of 57% from the previous session's volume of 1,520,845 shares.The stock last traded at $7.69 and had previously closed at $7.61.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

Arcos Dorados Price Performance

The firm has a 50 day moving average of $7.59 and a 200-day moving average of $7.68. The company has a market cap of $1.63 billion, a P/E ratio of 11.88 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.80.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a return on equity of 26.70% and a net margin of 3.00%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business's revenue was down .4% compared to the same quarter last year. On average, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th will be paid a $0.06 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 24th. Arcos Dorados's payout ratio is 36.92%.

Institutional Trading of Arcos Dorados

A number of large investors have recently added to or reduced their stakes in ARCO. Sanctuary Advisors LLC bought a new stake in Arcos Dorados in the 4th quarter worth approximately $90,000. Bank of New York Mellon Corp increased its stake in Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock worth $89,000 after acquiring an additional 1,830 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Arcos Dorados in the 4th quarter worth approximately $380,000. Aigen Investment Management LP increased its stake in Arcos Dorados by 166.8% in the 4th quarter. Aigen Investment Management LP now owns 35,277 shares of the restaurant operator's stock worth $257,000 after acquiring an additional 22,053 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Arcos Dorados in the 4th quarter worth approximately $154,000. Institutional investors 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.