Del Taco Restaurants Inc. (NASDAQ:TACO) has been given an average rating of “Buy” by the six analysts that are presently covering the firm. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.17.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Jefferies Group reissued a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Del Taco Restaurants in a research report on Thursday, July 21st. Wedbush reissued an “outperform” rating and set a $17.00 target price (up previously from $15.00) on shares of Del Taco Restaurants in a research report on Saturday. BTIG Research raised their target price on shares of Del Taco Restaurants from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup Inc. raised their target price on shares of Del Taco Restaurants from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th.
In other news, SVP David Pear sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $10.55, for a total value of $63,300.00. Following the sale, the senior vice president now directly owns 125,080 shares in the company, valued at approximately $1,319,594. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 36.20% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. 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 in the last quarter. Wall Street Associates boosted its stake in Del Taco Restaurants by 1.8% in the second quarter. Wall Street Associates now owns 224,129 shares of the company’s stock worth $2,040,000 after buying an additional 4,000 shares in 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 in the last quarter. A.R.T. Advisors LLC purchased a new stake in Del Taco Restaurants during the second quarter worth $110,000. Finally, American International Group Inc. purchased a new stake in Del Taco Restaurants during the second quarter worth $121,000. Institutional investors and hedge funds own 63.12% of the company’s stock.
Del Taco Restaurants (NASDAQ:TACO) opened at 13.74 on Friday. The stock has a market capitalization of $521.79 million, a PE ratio of 33.93 and a beta of -0.01. The stock’s 50 day moving average is $11.66 and its 200 day moving average is $10.19. Del Taco Restaurants has a 12-month low of $8.37 and a 12-month high of $14.25.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Monday, October 17th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $104.42 million for the quarter, compared to the consensus estimate of $101.61 million. Del Taco Restaurants had a net margin of 2.56% and a return on equity of 2.87%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities analysts anticipate that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.
Del Taco Restaurants Company Profile
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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