Price Action Report: Del Taco Restaurants Inc Can’t Be More Hot. Just Reaches 52-Week High

Price Action Report: Del Taco Restaurants Inc Can't Be More Hot. Just Reaches 52 Week High

The stock of Del Taco Restaurants Inc (NASDAQ:TACO) hit a new 52-week high and has $15.34 target or 4.00% above today’s $14.75 share price. The 9 months bullish chart indicates low risk for the $587.82 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $15.34 price target is reached, the company will be worth $23.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 351,484 shares traded hands. Del Taco Restaurants Inc (NASDAQ:TACO) has risen 59.76% since April 20, 2016 and is uptrending. It has outperformed by 55.20% 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. Del Taco has been the topic of 8 analyst reports since September 8, 2015 according to StockzIntelligence Inc. Wedbush maintained the stock with “Outperform” rating in Tuesday, May 3 report. The company was maintained on Tuesday, October 18 by Wedbush. On Tuesday, September 13 the stock rating was maintained by Citigroup with “Buy”. On Wednesday, October 28 the stock rating was initiated by Piper Jaffray with “Neutral”. The stock of Del Taco Restaurants Inc (NASDAQ:TACO) has “Buy” rating given on Tuesday, October 18 by BTIG Research. The stock has “Buy” rating given by Jefferies on Tuesday, November 3. The firm has “Buy” rating given on Tuesday, October 13 by Dougherty & Company. The rating was initiated by Citigroup with “Buy” on Tuesday, September 8.

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 important recent Del Taco Restaurants Inc (NASDAQ:TACO) news were published by: Fool.com which released: “Why Del Taco Restaurants, Inc. Stock Jumped 13% in October” on November 04, 2016, also Marketwatch.com published article titled: “Del Taco Restaurants Inc.”, Fool.com published: “Why Shares of Del Taco Restaurants Inc. Jumped on Tuesday” on January 12, 2016. More interesting news about Del Taco Restaurants Inc (NASDAQ:TACO) was released by: Businesswire.com and their article: “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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