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

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,240,000 shares, a decline of 23.5% from the February 13th total of 1,620,000 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Arcos Dorados

A number of hedge funds and other institutional investors have recently bought and sold shares of ARCO. Thompson Siegel & Walmsley LLC purchased a new stake in Arcos Dorados during the third quarter valued at approximately $1,557,000. Navellier & Associates Inc. raised its holdings in shares of Arcos Dorados by 26.8% in the third quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock worth $179,000 after buying an additional 4,342 shares during the last quarter. Managed Asset Portfolios LLC purchased a new position in shares of Arcos Dorados in the third quarter worth $7,389,000. Sagil Capital LLP purchased a new position in shares of Arcos Dorados in the third quarter worth $1,134,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Arcos Dorados by 12.5% in the third quarter. Rockefeller Capital Management L.P. now owns 206,953 shares of the restaurant operator’s stock worth $1,805,000 after buying an additional 22,954 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Trading Up 1.0 %

Arcos Dorados stock traded up $0.09 during trading hours on Monday, hitting $8.36. The company had a trading volume of 353,157 shares, compared to its average volume of 1,281,782. The firm has a market cap of $1.76 billion, a P/E ratio of 11.94 and a beta of 1.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados has a 1 year low of $7.02 and a 1 year high of $11.49. The company has a 50-day moving average price of $7.82 and a two-hundred day moving average price of $8.27.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts anticipate that Arcos Dorados will post 0.63 earnings per share for the current year.

Arcos Dorados Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.87%. Arcos Dorados’s payout ratio is 33.33%.

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.