ARCO Stock Summary and Trading Ideas (Arcos Dorados Holdings Class A Shares | NYSE:ARCO)

Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad, sandwiches, french fries and others.

Arcos Dorados Holdings Class A Shares trades on the NYSE stock market under the symbol ARCO.

As of April 19, 2024, ARCO stock price climbed to $10.90 with 1,058,500 million shares trading.

ARCO has a beta of 1.03, meaning it tends to be more sensitive to market movements. ARCO has a correlation of 0.13 to the broad based SPY ETF.

ARCO has a market cap of $2.26 billion. This is considered a Mid Cap stock.

Last quarter Arcos Dorados Holdings Class A Shares reported $1 billion in Revenue and $.26 earnings per share. This beat revenue expectation by $26 million and missed earnings estimates by -$.05.

In the last 3 years, ARCO stock traded as high as $13.20 and as low as $4.33.

The top ETF exchange traded funds that ARCO belongs to (by Net Assets): ARGT, FNDA, PRFZ, SMLF, JEMA.

ARCO has outperformed the market in the last year with a price return of +36.5% while the SPY ETF gained +21.2%. However, in the short term, ARCO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.5% vs +4.3% return in SPY. But in the last 2 weeks, ARCO shares have fared better than the market returning +1.2% compared to SPY -3.5%.

ARCO support price is $10.56 and resistance is $10.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARCO stock will trade within this expected range on the day.