Del Taco Restaurants, Inc. (NASDAQ:TACO) Traded Above Its 50 Day Moving Average


Shares of the company are trading at $14.73 which is slightly above $13.45, the stock’s 50 day moving average and impressively higher than the 200 day moving average of $13.15. The 50 day moving average was up $1.28 or +9.48% and the 200 day average was up $1.58. Trading volume for Del Taco Restaurants, Inc. was 310K by the end of trading on Wednesday. Trading volume was up 62.66% over the stocks average daily volume.

Short traders are feeling a little more bullish on shares of Del Taco Restaurants, Inc. lately as shown by the change in short interest. The company experienced a fall in short interest of -2.77% between August 15, 2017 and August 31, 2017. Short shares fell from 2,343,098 to 2,278,082 over that period. Days to cover decreased -4.0 to 7.0 and the percentage of shorted shares was 0.06% on August 31.

These funds have shifted positions in (TACO). As of quarter end Pleasant Lake Partners LLC had disposed of 2,917,567 shares trimming its stake by 95.3%. The value of the investment in TACO went from $36,508,000 to $1,925,000 decreasing 94.7% for the reporting period. As of the end of the quarter Ahl Partners Llp had bought a total of 27,305 shares growing its holdings by 85.9%. The value of the company’s investment in Del Taco Restaurants, Inc. increased from $422,000 to $813,000 a change of 92.7% quarter over quarter.

As of quarter end Ubs Group Ag had sold a total of 789 shares trimming its position 58.4%. The value of the investment in Del Taco Restaurants, Inc. decreased from $18,000 to $8,000 a change of $10,000 quarter to quarter. Ack Asset Management LLC grew its stake by buying 20,900 shares an increase of 1.9% as of 06/30/2017. Ack Asset Management LLC claims 1,140,800 shares valued at $15,686,000. The value of the position overall is up by 27.7%.

Del Taco Restaurants, Inc. currently has a P/E ratio of 25.93 and the market value is 569.84M. In the last earnings report the EPS was $0.57 and is projected to be $0.55 for the current year with 38,686,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.19 with next year’s EPS anticipated to be $0.62.

Del Taco Restaurants, Inc., launched on August 2, 2013, is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Business’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. The Business’s menu features items, such as its Platos plated meals, Epic Burritos, Handcrafted Ensaladas and Fresca Bowls, as well as items on its Buck & Under Menu..