Today’s Market Runner: Could Del Taco Restaurants Inc Change Direction After Today’s Big Increase?

Today's Market Runner: Could Del Taco Restaurants Inc Change Direction After Today's Big Increase?

The stock of Del Taco Restaurants Inc (NASDAQ:TACO) is a huge mover today! About 148,540 shares traded hands. Del Taco Restaurants Inc (NASDAQ:TACO) has risen 14.45% since March 8, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.
The move comes after 7 months positive chart setup for the $469.45M company. It was reported on Oct, 11 by We have $34.73 PT which if reached, will make NASDAQ:TACO worth $882.57 million more.

Analysts await Del Taco Restaurants Inc (NASDAQ:TACO) to report earnings on October, 17. They expect $0.12 EPS, up 300.00% or $0.18 from last year’s $-0.06 per share. TACO’s profit will be $4.67 million for 25.13 P/E if the $0.12 EPS becomes a reality. After $0.13 actual EPS reported by Del Taco Restaurants Inc for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

Del Taco Restaurants Inc (NASDAQ:TACO) Ratings Coverage

Out of 5 analysts covering Del Taco (NASDAQ:TACO), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Del Taco has been the topic of 6 analyst reports since September 8, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated it with “Neutral” rating and $13 target price in Wednesday, October 28 report. The rating was initiated by Jefferies with “Buy” on Tuesday, November 3. Dougherty & Company initiated the shares of TACO in a report on Tuesday, October 13 with “Buy” rating. The company was maintained on Tuesday, May 3 by Wedbush. The rating was initiated by Citigroup on Tuesday, September 8 with “Buy”. Citigroup maintained the stock with “Buy” rating in Tuesday, September 13 report.

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: which released: “Del Taco Restaurants Inc.” on April 28, 2015, also published article titled: “Del Taco Restaurants, Inc. Increases Repurchase Program for Common Stock and …”, 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: 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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