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

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,780,000 shares, a growth of 8.9% from the May 31st total of 4,390,000 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is currently 3.5 days.

Arcos Dorados Stock Up 1.9 %

Arcos Dorados stock opened at $9.09 on Thursday. Arcos Dorados has a 1-year low of $8.59 and a 1-year high of $13.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.60. The stock has a market cap of $1.91 billion, a PE ratio of 11.22, a P/E/G ratio of 1.57 and a beta of 1.21. The stock’s fifty day moving average is $9.95 and its two-hundred day moving average is $11.13.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, sell-side analysts expect that Arcos Dorados will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Hedge Funds Weigh In On Arcos Dorados

Hedge funds have recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of Arcos Dorados during the first quarter worth about $30,000. Adalta Capital Management LLC purchased a new position in shares of Arcos Dorados during the first quarter worth about $111,000. Lazard Asset Management LLC grew its holdings in shares of Arcos Dorados by 35.4% during the first 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. Navellier & Associates Inc. grew its holdings in shares of Arcos Dorados by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 15,050 shares of the restaurant operator’s stock worth $191,000 after buying an additional 1,529 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Arcos Dorados during the first quarter worth about $192,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

About Arcos Dorados

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.