What’s Del Taco Restaurants Inc Upside After Today’s Bullish Options Activity?

 What's Del Taco Restaurants Inc Upside After Today's Bullish Options Activity?

In today’s session Del Taco Restaurants Inc (TACO) registered an unusually high (312) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TACO increase. With 312 contracts traded and 5524 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TACO161216C00012500 closed last at: $2.5 or 19% up. The stock increased 2.03% or $0.3 on November 23, hitting $15.06. About 348,687 shares traded hands. Del Taco Restaurants Inc (NASDAQ:TACO) has risen 64.59% since April 22, 2016 and is uptrending. It has outperformed by 59.18% the S&P500.

Analysts await Del Taco Restaurants Inc (NASDAQ:TACO) to report earnings on January, 16. TACO’s profit will be $8.02 million for 18.83 P/E if the $0.20 EPS becomes a reality. After $0.13 actual EPS reported by Del Taco Restaurants Inc for the previous quarter, Wall Street now forecasts 53.85% EPS growth.

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. The rating was initiated by Dougherty & Company on Tuesday, October 13 with “Buy”. The rating was maintained by Citigroup on Tuesday, September 13 with “Buy”. Wedbush maintained Del Taco Restaurants Inc (NASDAQ:TACO) on Tuesday, May 3 with “Outperform” rating. The rating was maintained by BTIG Research on Tuesday, October 18 with “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, September 8. As per Tuesday, October 18, the company rating was maintained by Wedbush. The company was initiated on Tuesday, November 3 by Jefferies. The firm earned “Neutral” rating on Wednesday, October 28 by Piper Jaffray.

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 $603.97 million. The Firm operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam. It has a 34.08 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 notable 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 with their article: “Del Taco Restaurants Inc.” published on April 28, 2015, 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) were released by: Businesswire.com and their article: “Del Taco Restaurants, Inc. Announces Pricing of Secondary Offering of Common Stock” published on October 26, 2015 as well as Businesswire.com‘s news article titled: “Del Taco Restaurants, Inc. Announces Fiscal Third Quarter 2016 Financial Results” with publication date: October 17, 2016.

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