Arcos Dorados Holding Inc (NYSE:ARCO) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,126,400 shares, a growth of 47.0% from the May 30th total of 766,200 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 471,300 shares, the days-to-cover ratio is currently 2.4 days.

ARCO has been the topic of several research reports. Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet lowered UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on Diageo and gave the stock a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.50.

Shares of ARCO traded down $0.11 during trading hours on Thursday, hitting $7.93. The stock had a trading volume of 425,500 shares, compared to its average volume of 452,474. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.70 and a current ratio of 0.77. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 44.06 and a beta of 1.01. The stock has a fifty day simple moving average of $6.91. Arcos Dorados has a 12-month low of $5.92 and a 12-month high of $9.22.

Arcos Dorados (NYSE:ARCO) last issued its earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $731.00 million during the quarter. Arcos Dorados had a return on equity of 12.41% and a net margin of 1.64%. As a group, sell-side analysts expect that Arcos Dorados will post 0.29 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. SPX Equities Gestao de Recursos Ltda bought a new position in shares of Arcos Dorados in the second quarter valued at $3,885,000. O Keefe Stevens Advisory Inc. grew its position in Arcos Dorados by 5.3% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 475,734 shares of the restaurant operator’s stock worth $3,463,000 after purchasing an additional 24,130 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Arcos Dorados during the 1st quarter worth approximately $465,000. Moerus Capital Management LLC grew its position in Arcos Dorados by 2.0% during the 1st quarter. Moerus Capital Management LLC now owns 5,749,674 shares of the restaurant operator’s stock worth $41,225,000 after purchasing an additional 112,028 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Arcos Dorados during the 1st quarter worth approximately $368,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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, CuraƧao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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