Let’s look at the key reasons that are pushing Arcos Dorados Holdings Inc (ARCO) to new highs

Arcos Dorados Holdings Inc (NYSE: ARCO) on Friday, plunged -3.75% from the previous trading day, before settling in for the closing price of $8.81. Within the past 52 weeks, ARCO’s price has moved between $8.08 and $13.20.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 10.58%. The company achieved an average annual earnings per share of -23.54%. With a float of $124.13 million, this company’s outstanding shares have now reached $130.65 million.

Considering the fact that the conglomerate employs 100795 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 14.96%, operating margin of 6.99%, and the pretax margin is 5.45%.

Arcos Dorados Holdings Inc (ARCO) Breakdown of a Key Holders of the stock

Observing investor behavior towards Restaurants industry stocks is more important than anything else. The insider ownership of Arcos Dorados Holdings Inc is 41.08%, while institutional ownership is 45.97%. The most recent insider transaction that took place on Aug 30 ’24, was worth 200,000.

Arcos Dorados Holdings Inc (ARCO) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -23.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.00% during the next five years compared to 37.69% growth over the previous five years of trading.

Arcos Dorados Holdings Inc (NYSE: ARCO) Trading Performance Indicators

Arcos Dorados Holdings Inc (ARCO) is currently performing well based on its current performance indicators. A quick ratio of 0.57 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.81, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.80 in one year’s time.

Technical Analysis of Arcos Dorados Holdings Inc (ARCO)

Compared to the last year’s volume of 1.21 million, its volume of 0.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.25%. Additionally, its Average True Range was 0.30.

During the past 100 days, Arcos Dorados Holdings Inc’s (ARCO) raw stochastic average was set at 16.19%, which indicates a significant increase from 2.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.22% in the past 14 days, which was lower than the 37.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.96, while its 200-day Moving Average is $10.19. Nevertheless, the first resistance level for the watch stands at $8.76 in the near term. At $9.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.20. If the price goes on to break the first support level at $8.32, it is likely to go to the next support level at $8.17. Now, if the price goes above the second support level, the third support stands at $7.88.

Arcos Dorados Holdings Inc (NYSE: ARCO) Key Stats

Market capitalization of the company is 1.72 billion based on 210,655K outstanding shares. Right now, sales total 4,332 M and income totals 181,270 K. The company made 1,111 M in profit during its latest quarter, and 26,630 K in sales during its previous quarter.