A Reversal for Del Taco Restaurants Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Del Taco Restaurants Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session Del Taco Restaurants Inc (TACO) registered an unusually high (163) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TACO increase. With 163 contracts traded and 174 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TACO161021C00010000 closed last at: $2.8 or 14.3% up. About 282,608 shares traded hands. Del Taco Restaurants Inc (NASDAQ:TACO) has risen 27.70% since March 16, 2016 and is uptrending. It has outperformed by 22.15% the S&P500.

Del Taco Restaurants Inc (NASDAQ:TACO) Ratings Coverage

Out of 6 analysts covering Del Taco (NASDAQ:TACO), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $18.50 is the highest target while $13 is the lowest. The $15.58 average target is 12.90% above today’s ($13.8) stock price. Del Taco has been the topic of 8 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Tuesday, November 3. The stock has “Outperform” rating given by Wedbush on Tuesday, October 18. As per Tuesday, September 13, the company rating was maintained by Citigroup. As per Tuesday, October 13, the company rating was initiated by Dougherty & Company. The stock of Del Taco Restaurants Inc (NASDAQ:TACO) has “Neutral” rating given on Wednesday, October 28 by Piper Jaffray. The stock has “Buy” rating given by BTIG Research on Tuesday, October 18. Citigroup initiated the stock with “Buy” rating in Tuesday, September 8 report. The stock of Del Taco Restaurants Inc (NASDAQ:TACO) earned “Outperform” rating by Wedbush on Tuesday, May 3.

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.”

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 has a market cap of $587.80 million. The Firm operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam. It has a 43.14 P/E ratio. The Firm has approximately 300 Company-operated and over 250 franchised restaurants.

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.

More important recent Del Taco Restaurants Inc (NASDAQ:TACO) news were published by: Marketwatch.com which released: “Del Taco shares up 6.3% after late-Wednesday earnings announcement” on April 28, 2015, also Fool.com published article titled: “Why Shares of Del Taco Restaurants Inc. Jumped on Tuesday”, Businesswire.com published: “Del Taco Restaurants, Inc. Announces Pricing of Secondary Offering of Common Stock” on October 26, 2015. More interesting news about Del Taco Restaurants Inc (NASDAQ:TACO) was released by: Marketwatch.com and their article: “Del Taco shares jump after earnings beat, guidance raised” with publication date: October 18, 2016.

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