Arcos Dorados Holdings Inc. (NYSE:ARCO) Short Interest Update

Arcos Dorados Holdings Inc. (NYSE:ARCO) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 3,460,000 shares, a decline of 22.9% from the July 31st total of 4,490,000 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.9% of the company’s shares are sold short.

Arcos Dorados Price Performance

Shares of ARCO opened at $7.01 on Thursday. The company has a 50 day moving average price of $7.14 and a 200-day moving average price of $7.50. Arcos Dorados has a fifty-two week low of $6.51 and a fifty-two week high of $10.27. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.12, a PEG ratio of 1.35 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.80.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Arcos Dorados had a net margin of 2.89% and a return on equity of 24.54%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Arcos Dorados will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new position in shares of Arcos Dorados during the 1st quarter worth approximately $736,000. Jane Street Group LLC raised its stake in shares of Arcos Dorados by 156.6% during the 4th quarter. Jane Street Group LLC now owns 195,751 shares of the restaurant operator’s stock worth $1,425,000 after acquiring an additional 119,477 shares in the last quarter. Alta Fox Capital Management LLC bought a new position in shares of Arcos Dorados during the 1st quarter worth approximately $9,033,000. Diamond Hill Capital Management Inc. raised its stake in shares of Arcos Dorados by 27.5% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 234,596 shares of the restaurant operator’s stock worth $1,891,000 after acquiring an additional 50,557 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Arcos Dorados during the 4th quarter worth approximately $146,000. Institutional investors own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Arcos Dorados from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $10.50 to $8.80 in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Arcos Dorados has an average rating of “Hold” and an average price target of $8.80.

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.