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.
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.
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