Del Taco Restaurants Inc (TACO) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 17

Del Taco Restaurants Inc (TACO) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 . Wedbush advised their investors in a research report released on Oct 18, 2016.

On the company’s financial health, Del Taco Restaurants Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $0.12. The company had revenue of $104.42 million for the quarter, compared to analysts expectations of $101.61 million. The company’s revenue was up 27.3% compared to the same quarter last year.

Del Taco Restaurants Inc (TACO) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.13 and reached the intraday high at $12.3718. The bulls started the profit booking and pushed the shares to intraday low of $11.96. The trading session was marked by a volume range of 8,29,310 shares exchanging hands. The 52-week high of the shares is $14.56 and the 52-week low is $8.37. The market cap of the company stands at $460 M and there are 3,79,76,206 shares in public circulation.

In a different news, on Aug 23, 2016, David Pear (SVP of Operations) sold 6,000 shares at $10.56 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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