Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have received a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.00.
A number of equities analysts recently weighed in on TACO shares. Citigroup decreased their price target on Del Taco Restaurants from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. Maxim Group reiterated a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research report on Wednesday, September 26th. Dougherty & Co set a $17.00 price target on Del Taco Restaurants and gave the company a “buy” rating in a research report on Wednesday, October 17th. BidaskClub upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, TheStreet lowered Del Taco Restaurants from a “b-” rating to a “c+” rating in a research report on Monday, October 22nd.
NASDAQ:TACO opened at $10.10 on Friday. The stock has a market cap of $413.89 million, a P/E ratio of 19.42, a PEG ratio of 1.20 and a beta of 0.18. Del Taco Restaurants has a 52-week low of $9.45 and a 52-week high of $14.83. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40.
Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. The firm had revenue of $117.83 million for the quarter, compared to analyst estimates of $119.84 million. During the same period in the previous year, the company earned $0.13 earnings per share. Del Taco Restaurants’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Del Taco Restaurants will post 0.56 earnings per share for the current fiscal year.
In other Del Taco Restaurants news, SVP David Pear sold 5,982 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $10.15, for a total transaction of $60,717.30. Following the completion of the sale, the senior vice president now directly owns 131,710 shares in the company, valued at approximately $1,336,856.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Putnam Investments LLC lifted its holdings in shares of Del Taco Restaurants by 59.2% during the 2nd quarter. Putnam Investments LLC now owns 151,641 shares of the restaurant operator’s stock valued at $2,150,000 after buying an additional 56,400 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Del Taco Restaurants by 32.1% during the 3rd quarter. First Trust Advisors LP now owns 54,100 shares of the restaurant operator’s stock valued at $639,000 after buying an additional 13,137 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Del Taco Restaurants by 113.4% during the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock valued at $550,000 after buying an additional 20,603 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Del Taco Restaurants by 72.7% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 439,486 shares of the restaurant operator’s stock valued at $5,190,000 after buying an additional 185,041 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Del Taco Restaurants during the 3rd quarter valued at about $128,000. Hedge funds and other institutional investors own 82.13% 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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