Del Taco Restaurants Inc. (TACO) Sees Large Volume Increase
Shares of Del Taco Restaurants Inc. (NASDAQ:TACO) saw unusually-high trading volume on Tuesday . Approximately 555,875 shares traded hands during trading, an increase of 45% from the previous session’s volume of 384,608 shares.The stock last traded at $10.97 and had previously closed at $10.71.
TACO has been the topic of several analyst reports. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Wedbush decreased their price target on Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 3rd. Finally, Jefferies Group reiterated a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.79.
The firm has a market capitalization of $416.60 million and a P/E ratio of 27.09. The company has a 50-day moving average of $10.21 and a 200 day moving average of $9.81.
Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Wednesday, July 20th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company earned $100 million during the quarter, compared to analysts’ expectations of $100.06 million. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Del Taco Restaurants Inc. will post $0.55 EPS for the current fiscal year.
In related news, SVP David Pear sold 6,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $10.55, for a total transaction of $63,300.00. Following the completion of the transaction, the senior vice president now owns 125,080 shares in the company, valued at approximately $1,319,594. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Del Taco Restaurants, Inc, formerly Levy Acquisition Corporation, is an operator and franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The Company operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam.
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