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

Arcos Dorados Holdings Inc. (NYSE:ARCO) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 4,440,051 shares, a drop of 13.0% from the January 15th total of 5,101,066 shares. Based on an average trading volume of 1,568,946 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 1,568,946 shares, the short-interest ratio is currently 2.8 days.

Arcos Dorados Stock Performance

Shares of ARCO opened at $8.39 on Tuesday. Arcos Dorados has a twelve month low of $6.51 and a twelve month high of $8.97. The firm has a 50 day moving average of $7.75 and a 200 day moving average of $7.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.81.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ARCO. Zacks Research upgraded shares of Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. JPMorgan Chase & Co. reduced their price objective on Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arcos Dorados in a research note on Monday, December 29th. Finally, Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in shares of Arcos Dorados by 9,074.6% during the fourth quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 5,717 shares during the last quarter. Quarry LP bought a new position in Arcos Dorados during the 3rd quarter valued at about $45,000. Aquatic Capital Management LLC purchased a new stake in shares of Arcos Dorados during the 3rd quarter valued at about $53,000. Tudor Investment Corp ET AL bought a new stake in shares of Arcos Dorados in the third quarter worth approximately $73,000. Finally, Tower Bridge Advisors bought a new stake in shares of Arcos Dorados in the third quarter worth approximately $75,000. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Company Profile

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.