Large Outflow of Money Witnessed in Del Taco Restaurants

Del Taco Restaurants (NASDAQ:TACO) jumped 0.06 points or 0.65% on strong buying and was last priced at $9.26 per share. The shares saw huge fund flow intraday; a massive $0.69 million made their way in through the upticks but an even bigger $1.7 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.02) million and the up/down ratio was found to be 0.4. The shares have seen a weekly value change of -0.11% .A block trade was recorded in the company shares with a net money flow of $(-1.16) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $1.16. As can be seen from the data, the block transaction had the up/down ratio of 0.


Currently the company Insiders own 36.2% of Del Taco Restaurants shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.39% . Institutional Investors own 64.54% of Del Taco Restaurants shares. During last six month period, the net percent change held by insiders has seen a change of -7.39%. On the companys insider trading activities,The officer (SVP of Operations) of Del Taco Restaurants, Inc., Pear David sold 10,000 shares at $10.67 on March 22, 2016. The Insider selling transaction had a total value worth of $106,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Del Taco Restaurants (NASDAQ:TACO) : On Monday heightened volatility was witnessed in Del Taco Restaurants (NASDAQ:TACO) which led to swings in the share price. The stock opened for trading at $9.15 and hit $9.4 on the upside , eventually ending the session at $9.26, with a gain of 0.65% or 0.06 points. The heightened volatility saw the trading volume jump to 502,812 shares. The 52-week high of the share price is $16.4843 and the company has a market cap of $354 million. The 52-week low of the share price is at $8.37 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on Del Taco Restaurants (NASDAQ:TACO). In the latest research report, Citigroup lowers the target price from $14 per share to $13.5 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 5, 2016.

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, kids 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.

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