Arcos Dorados Holdings Inc. (NYSE:ARCO) Short Interest Down 5.5% in September

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 5,820,000 shares, a decline of 5.5% from the August 31st total of 6,160,000 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 4.8 days.

Arcos Dorados Trading Up 14.6 %

Shares of NYSE:ARCO opened at $9.99 on Wednesday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.47 and a beta of 1.17. Arcos Dorados has a 12 month low of $8.08 and a 12 month high of $13.20. The company’s fifty day simple moving average is $9.03 and its 200 day simple moving average is $9.80. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.52.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. As a group, research analysts forecast that Arcos Dorados will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Arcos Dorados

A number of large investors have recently bought and sold shares of ARCO. Quarry LP raised its holdings in shares of Arcos Dorados by 431.0% in the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 2,629 shares during the last quarter. Adalta Capital Management LLC acquired a new stake in Arcos Dorados in the 1st quarter valued at $111,000. Bank of New York Mellon Corp bought a new stake in Arcos Dorados during the 2nd quarter worth about $93,000. Lazard Asset Management LLC boosted its stake in shares of Arcos Dorados by 35.4% during the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock worth $128,000 after buying an additional 3,022 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Arcos Dorados in the 2nd quarter valued at about $105,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

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.