Del Taco Restaurants Inc. (NASDAQ:TACO) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $13.50.
A number of research firms recently issued reports on TACO. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, July 23rd. Jefferies Group restated a “buy” rating and set a $14.00 price target (down previously from $16.00) on shares of Del Taco Restaurants in a research note on Thursday, July 21st. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Del Taco Restaurants in a research note on Saturday, September 3rd. Finally, Citigroup Inc. raised their price target on Del Taco Restaurants from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th.
In other Del Taco Restaurants news, SVP David Pear sold 6,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $10.55, for a total transaction of $63,300.00. Following the completion of the sale, the senior vice president now directly owns 125,080 shares of the company’s stock, valued at approximately $1,319,594. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 36.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TACO. A.R.T. Advisors LLC bought a new stake in Del Taco Restaurants during the second quarter worth $110,000. American International Group Inc. bought a new stake in Del Taco Restaurants during the second quarter worth $121,000. Wedbush Securities Inc. boosted its stake in Del Taco Restaurants by 10.9% in the second quarter. Wedbush Securities Inc. now owns 15,630 shares of the company’s stock worth $142,000 after buying an additional 1,530 shares during the last quarter. National Asset Management Inc. boosted its stake in Del Taco Restaurants by 33.2% in the second quarter. National Asset Management Inc. now owns 20,000 shares of the company’s stock worth $182,000 after buying an additional 4,989 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in Del Taco Restaurants during the second quarter worth $196,000. 63.13% of the stock is owned by institutional investors.
Shares of Del Taco Restaurants (NASDAQ:TACO) traded down 0.08% during mid-day trading on Friday, hitting $12.11. The company had a trading volume of 666,009 shares. The firm has a 50-day moving average price of $11.51 and a 200 day moving average price of $10.14. The firm has a market capitalization of $459.89 million, a P/E ratio of 29.90 and a beta of -0.01. Del Taco Restaurants has a 12 month low of $8.37 and a 12 month high of $14.56.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $100 million for the quarter, compared to the consensus estimate of $100.06 million. Del Taco Restaurants had a return on equity of 2.87% and a net margin of 2.56%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Del Taco Restaurants will post $0.55 earnings per share for the current fiscal year.
About Del Taco Restaurants
Del Taco Restaurants, Inc, formerly Levy Acquisition Corporation, is an operator and franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The Company operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam.
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