Analysts Set Del Taco Restaurants Inc (NASDAQ:TACO) Target Price at $14.50

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Del Taco Restaurants Inc (NASDAQ:TACO) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.50.

Several research analysts have weighed in on the company. ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Maxim Group reiterated a “buy” rating and issued a $14.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, May 7th. BidaskClub upgraded Del Taco Restaurants from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.

NASDAQ:TACO traded up $0.04 during mid-day trading on Monday, reaching $11.34. 84,029 shares of the stock were exchanged, compared to its average volume of 253,702. The company has a 50 day moving average of $11.04. The firm has a market capitalization of $415.64 million, a PE ratio of 20.25, a P/E/G ratio of 1.44 and a beta of 0.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.28 and a quick ratio of 0.24. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.83.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.22 million. Del Taco Restaurants had a return on equity of 4.75% and a net margin of 3.38%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. Sell-side analysts expect that Del Taco Restaurants will post 0.5 EPS for the current fiscal year.

In other Del Taco Restaurants news, SVP David Pear sold 13,500 shares of Del Taco Restaurants stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total value of $159,975.00. Following the transaction, the senior vice president now directly owns 118,210 shares in the company, valued at approximately $1,400,788.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in TACO. Martingale Asset Management L P grew its holdings in shares of Del Taco Restaurants by 925.0% during the first quarter. Martingale Asset Management L P now owns 193,716 shares of the restaurant operator’s stock valued at $1,950,000 after purchasing an additional 174,816 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Del Taco Restaurants by 0.7% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 700,529 shares of the restaurant operator’s stock valued at $7,047,000 after purchasing an additional 5,194 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Del Taco Restaurants by 2.7% during the first quarter. Frontier Capital Management Co. LLC now owns 2,195,800 shares of the restaurant operator’s stock valued at $22,090,000 after purchasing an additional 57,543 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Del Taco Restaurants by 0.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 868,159 shares of the restaurant operator’s stock valued at $8,734,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Del Taco Restaurants during the first quarter valued at approximately $330,000. Institutional investors own 80.14% of the company’s stock.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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