Del Taco Restaurants Inc (TACO) is Reiterated by Wedbush to Outperform, Lowers Price Target to $ 15

Del Taco Restaurants Inc (TACO) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 15 from a previous price target of $16 . Wedbush advised their investors in a research report released on May 3, 2016.

On the company’s financial health, Del Taco Restaurants Inc reported $0.08 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $0.08. The company had revenue of $97.40 million for the quarter, compared to analysts expectations of $96.09 million. The company’s revenue was up 3.2% compared to the same quarter last year.

Del Taco Restaurants Inc closed down -0.06 points or -0.66% at $8.99 with 4,99,100 shares getting traded on Monday. Post opening the session at $9.15, the shares hit an intraday low of $8.9 and an intraday high of $9.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 23, 2016, David Pear (SVP of Operations) sold 10,000 shares at $10.67 per share price. According to the SEC, on Nov 30, 2015, Patrick Walsh (director) purchased 60,000 shares at $11.31 per share price. On Nov 30, 2015, Lawrence F Levy (director) purchased 100,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Del Taco Restaurants Inc. formerly Levy Acquisition Corporation is a food service company. The Company operates quick service restaurant (QSR) chain under Del Taco in the United States. The Company offers Mexican- cuisine and American classics menu. Its menu includes various categories such as tacos burritos Fresca bowls American grill quesadillas and nachos desserts and shakes sides and salads combos and fiesta pack kid’s meals drinks breakfast and Buck & Under. In addition its menu includes Double Beef Classic Taco Del Combo Burrito Del Beef Burrito MACHO Combo Burrito Double Del Cheeseburger Bacon Double Del Cheeseburger Deluxe Chili Cheddar Fries MACHO Nachos Caramel Cheesecake Bites Chocolate Chip Cookies CrunchTada Tostada and Turkey CrunchTada Tostada among others. The Company and its franchisees operate approximately 550 restaurants in 16 states.

Del Taco Restaurants Inc

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