Del Taco Restaurants Inc (TACO) Given Average Rating of “Buy” by Brokerages
Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.00.
TACO has been the subject of several recent research reports. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Saturday, March 11th. Wedbush restated an “outperform” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a research note on Tuesday, March 14th. Jefferies Group LLC reduced their price target on Del Taco Restaurants from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, March 14th. Finally, Piper Jaffray Companies cut their target price on Del Taco Restaurants from $14.00 to $13.00 and set an “in-line” rating for the company in a research report on Tuesday, March 14th.
In other Del Taco Restaurants news, Director Eileen A. Aptman acquired 26,010 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average cost of $12.97 per share, for a total transaction of $337,349.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 36.20% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in TACO. FMR LLC increased its stake in shares of Del Taco Restaurants by 44.0% in the fourth quarter. FMR LLC now owns 3,468,735 shares of the restaurant operator’s stock valued at $48,978,000 after buying an additional 1,060,035 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 98.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,315 shares of the restaurant operator’s stock valued at $16,667,000 after buying an additional 585,518 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Del Taco Restaurants during the fourth quarter valued at $323,000. State Street Corp increased its stake in shares of Del Taco Restaurants by 4.8% in the fourth quarter. State Street Corp now owns 373,077 shares of the restaurant operator’s stock valued at $5,266,000 after buying an additional 17,013 shares in the last quarter. Finally, William Harris Investors Inc. acquired a new stake in shares of Del Taco Restaurants during the fourth quarter valued at $434,000. Institutional investors and hedge funds own 71.69% of the company’s stock.
Del Taco Restaurants (NASDAQ:TACO) opened at 13.24 on Friday. The company has a 50-day moving average price of $13.12 and a 200 day moving average price of $13.62. The company has a market capitalization of $509.98 million, a PE ratio of 24.16 and a beta of -0.07. Del Taco Restaurants has a 12 month low of $8.43 and a 12 month high of $15.32.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $105.35 million during the quarter, compared to the consensus estimate of $105.22 million. Del Taco Restaurants had a return on equity of 4.78% and a net margin of 4.07%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. On average, equities research analysts forecast that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.
Del Taco Restaurants Company Profile
Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.
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