Del Taco Restaurants, Inc. (NASDAQ:TACO) saw some unusual options trading on Thursday. Traders acquired 682 call options on the company. This is an increase of approximately 702% compared to the typical daily volume of 85 call options.
Del Taco Restaurants stock opened at $9.06 on Friday. The firm has a 50-day moving average of $8.98 and a 200-day moving average of $8.00. Del Taco Restaurants has a one year low of $2.45 and a one year high of $10.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.27 and a quick ratio of 0.24. The company has a market cap of $338.16 million, a price-to-earnings ratio of -1.59 and a beta of 1.79.
Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, October 15th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reutersâ€™ consensus estimate of $0.10 by $0.06. Del Taco Restaurants had a negative net margin of 42.94% and a positive return on equity of 5.28%. The business had revenue of $120.78 million during the quarter, compared to the consensus estimate of $120.36 million. As a group, sell-side analysts expect that Del Taco Restaurants will post 0.29 earnings per share for the current year.
In related news, Director Ari B. Levy purchased 30,000 shares of the businessâ€™s stock in a transaction dated Monday, November 2nd. The shares were bought at an average price of $7.39 per share, with a total value of $221,700.00. Following the purchase, the director now directly owns 444,716 shares in the company, valued at approximately $3,286,451.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen A. Aptman purchased 88,952 shares of the businessâ€™s stock in a transaction dated Thursday, December 10th. The stock was bought at an average cost of $7.40 per share, for a total transaction of $658,244.80. Following the purchase, the director now owns 45,511 shares in the company, valued at $336,781.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 164,452 shares of company stock worth $1,224,965. 16.50% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in Del Taco Restaurants by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 68,635 shares of the restaurant operatorâ€™s stock valued at $563,000 after purchasing an additional 2,800 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Del Taco Restaurants by 454.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,316 shares of the restaurant operatorâ€™s stock valued at $60,000 after purchasing an additional 5,996 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Del Taco Restaurants in the 3rd quarter valued at about $74,000. Aigen Investment Management LP lifted its position in Del Taco Restaurants by 117.5% during the third quarter. Aigen Investment Management LP now owns 23,322 shares of the restaurant operatorâ€™s stock worth $191,000 after acquiring an additional 12,600 shares during the last quarter. Finally, Man Group plc acquired a new stake in Del Taco Restaurants during the second quarter worth approximately $87,000. Institutional investors and hedge funds own 67.28% of the companyâ€™s stock.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Del Taco Restaurants from a â€œbuyâ€ rating to a â€œholdâ€ rating in a research report on Tuesday, November 17th. CL King upped their price objective on shares of Del Taco Restaurants from $11.00 to $13.00 and gave the company a â€œbuyâ€ rating in a research report on Thursday, September 17th. Piper Sandler upped their price objective on shares of Del Taco Restaurants from $7.00 to $8.00 and gave the company a â€œneutralâ€ rating in a research report on Monday, September 14th. Wedbush increased their target price on Del Taco Restaurants from $11.00 to $13.00 and gave the stock an â€œoutperformâ€ rating in a report on Wednesday, October 7th. Finally, Jefferies Financial Group increased their target price on Del Taco Restaurants from $8.50 to $10.00 and gave the stock a â€œbuyâ€ rating in a report on Wednesday, September 16th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the companyâ€™s stock. The company has a consensus rating of â€œBuyâ€ and an average price target of $11.33.
About Del Taco Restaurants
Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company’s restaurants offer Mexican inspired and American classic dishes. As of October 15, 2020, it operated approximately 600 restaurants across 15 states.
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