Breaking Short Interest: Del Taco Restaurants Incorporated (NASDAQ:TACO)’s Stock Is Buy After Less Market Selling

December 1, 2016 - By Darrin Black   ·   0 Comments

Breaking Short Interest: Del Taco Restaurants Incorporated (NASDAQ:TACO)'s Stock Is Buy After Less Market Selling

The stock of Del Taco Restaurants Incorporated (NASDAQ:TACO) registered a decrease of 19.27% in short interest. TACO’s total short interest was 3.07M shares in December as published by FINRA. Its down 19.27% from 3.80M shares, reported previously. With 1.04M shares average volume, it will take short sellers 3 days to cover their TACO’s short positions. The short interest to Del Taco Restaurants Incorporated’s float is 11.54%. The stock closed at $14.52 during the last session. It is down 60.26% since April 28, 2016 and is uptrending. It has outperformed by 54.34% the S&P500.

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 $558.88 million. The Firm operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam. It has a 32.86 P/E ratio. The Firm has approximately 300 Company-operated and over 250 franchised restaurants.

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 stock of Del Taco Restaurants Inc (NASDAQ:TACO) earned “Neutral” rating by Piper Jaffray on Wednesday, October 28. Wedbush maintained Del Taco Restaurants Inc (NASDAQ:TACO) on Tuesday, May 3 with “Outperform” rating. Wedbush maintained the stock with “Outperform” rating in Tuesday, October 18 report. The stock has “Buy” rating given by Dougherty & Company on Tuesday, October 13. As per Tuesday, November 3, the company rating was initiated by Jefferies. BTIG Research maintained it with “Buy” rating and $16 target price in Tuesday, October 18 report. The rating was maintained by Citigroup with “Buy” on Tuesday, September 13. The stock of Del Taco Restaurants Inc (NASDAQ:TACO) earned “Buy” rating by Citigroup on Tuesday, September 8.

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 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 published the news titled: “Del Taco Restaurants Inc.” on April 28, 2015. Fool.com‘s news article titled: “Why Shares of Del Taco Restaurants Inc. Jumped on Tuesday” with publication date: January 12, 2016 was also an interesting one.

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By Darrin Black


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