Economy

Del Taco Restaurants, Inc. (NASDAQ:TACO) Sees Significantly Lower Trading Volume

(NASDAQ:TACO) had its price target reduced by BTIG Research from $19.00 to $17.00 in a research note issued to investors on Friday.

TACO has been the topic of a number of other reports.

On October 20 BTIG Research maintained a stock rating of "Buy" and moved up the price target from $16.00 to $17.00. Cleveland-Cliffs Stock Reverses Course After Earnings Miss Cleveland-Cliffs stock is down 6% to trade at $6.99, after the company reported third-quarter earnings below Wall Street estimates while also lowering its 2017 production estimates. Wedbush reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Del Taco Restaurants in a report on Saturday, September 3rd. (TACO) stock has been trading in a bearish manner, based on the current price movement of -19.62%. Zacks Investment Research lowered Del Taco Restaurants from a buy rating to a hold rating in a research note on Thursday, July 6th. The company presently has a consensus rating of Hold and a consensus price target of $16.67. Del Taco had 15 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has a market capitalization of $478.16 million, a price-to-earnings ratio of 21.76 and a beta of -0.20. The company's 50-day moving average price is $14.97 and its 200 day moving average price is $13.60. The SI to Del Taco Restaurants Incorporated's float is 7.26%. In addition, management now expects full-year earnings per share (EPS) to be between $0.52 and $0.55, up from a previous range of $0.52 and $0.54. The firm earned $104.42 million during the quarter, compared to analysts' expectations of $101.61 million. The business's revenue for the quarter was up 6.3% compared to the same quarter previous year.

WARNING: This article was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. TACO's SI was 2.28 million shares in October as released by FINRA. As of quarter end Mesirow Financial Investment Management International Equity had bought 1,058 shares growing its holdings by 2.6%. OppenheimerFunds Inc. now owns 34,216 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 5,271 shares in the last quarter.

John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, "During the third quarter, our company-operated and franchised restaurants both extended their track records of positive comparable restaurant sales, and The Del Taco system as a whole achieved 10.8% growth in comparable restaurant sales on a two-year stacked basis".

Holzer & Holzer, LLC is investigating whether Del Taco Restaurants, Inc. LLC now owns 1,459,099 shares of the company's stock worth $13,278,000 after buying an additional 1,248,898 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Del Taco Restaurants by 18.2% in the 1st quarter. The Company's menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.



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