Del Taco Restaurants Inc. (NASDAQ:TACO)‘s stock had its “outperform” rating restated by analysts at Wedbush in a report issued on Saturday. They currently have a $15.00 price target on the stock. Wedbush’s target price points to a potential upside of 23.76% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Saturday, July 23rd. Citigroup Inc. lifted their target price on Del Taco Restaurants from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Finally, Jefferies Group reiterated a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Del Taco Restaurants in a report on Thursday, July 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.50.
Del Taco Restaurants (NASDAQ:TACO) remained flat at $12.12 during midday trading on Friday. 829,310 shares of the company traded hands. The company has a market cap of $460.27 million, a PE ratio of 29.93 and a beta of -0.01. The company’s 50-day moving average is $11.54 and its 200-day moving average is $10.15. Del Taco Restaurants has a 1-year low of $8.37 and a 1-year high of $14.56.
Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business earned $100 million during 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%. Del Taco Restaurants’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.
In other news, SVP David Pear sold 6,000 shares of the business’s 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 owns 125,080 shares in the company, valued at $1,319,594. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 36.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TACO. A.R.T. Advisors LLC purchased a new stake in Del Taco Restaurants during the second quarter valued at approximately $110,000. American International Group Inc. purchased a new stake in Del Taco Restaurants during the second quarter valued at approximately $121,000. Wedbush Securities Inc. increased 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 valued at $142,000 after buying an additional 1,530 shares in the last quarter. National Asset Management Inc. increased 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 valued at $182,000 after buying an additional 4,989 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in Del Taco Restaurants during the second quarter valued at approximately $196,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.
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.
Receive News & Ratings for Del Taco Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.