INVESTOR ALERT: Investigation of Del Taco Announced by Holzer & Holzer

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Traders are more bearish on the company lately if you take note of the change in short interest. The brokerage now has a $17.00 price objective on the restaurant operator's stock. With 342,900 avg volume, 7 days are for Del Taco Restaurants Incorporated (NASDAQ:TACO)'s short sellers to cover TACO's short positions. Here's a quick look at what is moving shares of CLF, TACO, and TEAM. Short interest has increased by 14.4% during the last two reporting periods to 36.74 million shares, which represents almost 16% of the equity's total available float. Maxim Group reissued a "buy" rating and issued a $19.00 price target on shares of Del Taco Restaurants in a report on Wednesday, October 4th.

On October 20 BTIG Research maintained a stock rating of "Buy" and moved up the price target from $16.00 to $17.00. The stock has "Hold" rating by Zacks on Thursday, August 27.

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Del Taco Restaurants, Inc. shares had a trading volume of 2,252 on Friday. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 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 stock's 50 day moving average is $12.98 and its 200-day moving average is $10.81. ("Del Taco" or the "Company"), (TACO), the second largest Mexican-American QSR chain by units in the United States, operating restaurants under the name Del Taco, announced fiscal third quarter 2017 financial results. The restaurant operator reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.92% and a net margin of 4.78%. Revenue eased lower compared to the year-ago period, and even though NCR's bottom line saw considerable improvement, weakness in orders for automated teller machines weighed on investor confidence in the payment hardware and services provider. During the same period in the previous year, the firm posted $0.13 earnings per share.

COPYRIGHT VIOLATION NOTICE: "Del Taco Restaurants' (TACO) "Buy" Rating Reaffirmed at Wedbush" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and reposted in violation of US and global trademark & copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/10/21/del-taco-restaurants-taco-buy-rating-reaffirmed-at-wedbush.html. Peregrine Capital Management LLC acquired a new position in shares of Del Taco Restaurants during the third quarter worth about $14,402,000. Mesirow Financial Investment Management International Equity grew its holdings by buying 1,058 shares an increase of 2.6% as of 09/30/2017. Del Taco Restaurants earned a news impact score of 0.22 on Accern's scale. Barclays Public Limited Company owns 0% invested in Qumu Corp (NASDAQ:QUMU) for 59 shares. As of January 3, 2017, the Company had 310 Company-operated and 241 franchise-operated restaurants. The company's restaurants offer Mexican inspired and American classic dishes.

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