Del Taco Restaurants Inc (NASDAQ:TACO) was the recipient of some unusual options trading on Monday. Stock investors acquired 501 call options on the company. This represents an increase of approximately 648% compared to the average daily volume of 67 call options.
Del Taco Restaurants (NASDAQ:TACO) opened at $12.90 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.24. Del Taco Restaurants has a 1-year low of $11.58 and a 1-year high of $15.99. The company has a market cap of $495.84, a PE ratio of 23.31, a P/E/G ratio of 1.32 and a beta of -0.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new stake in Del Taco Restaurants in the fourth quarter worth about $196,000. Metropolitan Life Insurance Co. NY bought a new stake in Del Taco Restaurants in the fourth quarter worth about $136,000. PEAK6 Investments L.P. bought a new stake in Del Taco Restaurants in the fourth quarter worth about $275,000. Millennium Management LLC lifted its stake in Del Taco Restaurants by 477.7% in the fourth quarter. Millennium Management LLC now owns 156,564 shares of the restaurant operator’s stock worth $1,898,000 after purchasing an additional 129,465 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Del Taco Restaurants by 81.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,408,992 shares of the restaurant operator’s stock worth $29,197,000 after purchasing an additional 1,084,844 shares during the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This report was posted by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/03/13/del-taco-restaurants-sees-unusually-high-options-volume-taco.html.
About Del Taco Restaurants
Del Taco Restaurants, Inc 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 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.
Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.