Price Action To Observe: Is Del Taco Restaurants Inc a Buy? The Stock Rises Again


Price Action To Observe: Is Del Taco Restaurants Inc a Buy? The Stock Rises Again

The stock of Del Taco Restaurants Inc (NASDAQ:TACO) is a huge mover today! About 2.65M shares traded hands or 646.30% up from the average. Del Taco Restaurants Inc (NASDAQ:TACO) has risen 19.49% since March 15, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.
The move comes after 8 months positive chart setup for the $541.38 million company. It was reported on Oct, 18 by We have $18.60 PT which if reached, will make NASDAQ:TACO worth $194.90 million more.

Del Taco Restaurants Inc (NASDAQ:TACO) Ratings Coverage

Out of 5 analysts covering Del Taco (NASDAQ:TACO), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Del Taco has been the topic of 7 analyst reports since September 8, 2015 according to StockzIntelligence Inc. On Tuesday, October 18 the stock rating was maintained by Wedbush with “Outperform”. Citigroup maintained Del Taco Restaurants Inc (NASDAQ:TACO) on Tuesday, September 13 with “Buy” rating. The stock of Del Taco Restaurants Inc (NASDAQ:TACO) earned “Outperform” rating by Wedbush on Tuesday, May 3. The firm earned “Buy” rating on Tuesday, November 3 by Jefferies. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, October 28. As per Tuesday, September 8, the company rating was initiated by Citigroup. Dougherty & Company initiated the shares of TACO in a report on Tuesday, October 13 with “Buy” rating.

According to Zacks Investment Research, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA.”

More notable recent Del Taco Restaurants Inc (NASDAQ:TACO) news were published by: which released: “Del Taco Restaurants, Inc. Announces Fiscal Third Quarter 2016 Financial Results” on October 17, 2016, also with their article: “Del Taco Restaurants Rallies Off Q3 Beat” published on October 18, 2016, published: “Del Taco Restaurants Inc.” on April 28, 2015. More interesting news about Del Taco Restaurants Inc (NASDAQ:TACO) were released by: and their article: “Why Shares of Del Taco Restaurants Inc. Jumped on Tuesday” published on January 12, 2016 as well as‘s news article titled: “Del Taco Restaurants, Inc. Announces Pricing of Secondary Offering of Common Stock” with publication date: October 26, 2015.

TACO Company Profile

Del Taco Restaurants, Inc., formerly Levy Acquisition Corporation, incorporated on August 2, 2013, is an operator and franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The Firm operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam. The Firm has approximately 300 Company-operated and over 250 franchised restaurants.

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