Del Taco Restaurants Target of Unusually High Options Trading (TACO)

Del Taco Restaurants Inc (NASDAQ:TACO) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 1,991 put options on the stock. This represents an increase of approximately 1,443% compared to the typical daily volume of 129 put options.

Several equities analysts have recently issued reports on the stock. Dougherty & Co upped their price objective on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, July 6th. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Saturday, July 7th. ValuEngine upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. TheStreet upgraded shares of Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Finally, BidaskClub downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.13.

TACO opened at $10.13 on Thursday. Del Taco Restaurants has a 52-week low of $9.45 and a 52-week high of $15.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a market cap of $452.32 million, a PE ratio of 19.48, a P/E/G ratio of 1.24 and a beta of -0.08.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. The company had revenue of $117.83 million for the quarter, compared to the consensus estimate of $119.84 million. During the same quarter in the prior year, the company earned $0.13 EPS. Del Taco Restaurants’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts anticipate that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Del Taco Restaurants in the 2nd quarter worth approximately $111,000. Bank of Montreal Can increased its holdings in Del Taco Restaurants by 6,440.5% in the 3rd quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock worth $170,000 after buying an additional 14,169 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Del Taco Restaurants in the 2nd quarter worth approximately $285,000. GSA Capital Partners LLP increased its holdings in Del Taco Restaurants by 113.4% in the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after buying an additional 20,603 shares during the period. Finally, First Trust Advisors LP increased its holdings in Del Taco Restaurants by 17.3% in the 2nd quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock worth $581,000 after buying an additional 6,042 shares during the period. Institutional investors own 77.67% of the company’s stock.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

Recommended Story: What is insider trading?

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply