Del Taco Restaurants (NASDAQ: TACO) has recently received a number of price target changes and ratings updates:

  • 8/5/2017 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Del Taco Restaurants was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
  • 7/30/2017 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/26/2017 – Del Taco Restaurants had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $13.00 price target on the stock.
  • 7/24/2017 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Del Taco Restaurants was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
  • 6/22/2017 – Del Taco Restaurants had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $19.00 price target on the stock. They wrote, “We initiate coverage of Del Taco (TACO) with a Buy rating and $19 price target, as we believe TACO is a GARP” – growth at a reasonable price story.””
  • 6/20/2017 – Del Taco Restaurants was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
  • 6/17/2017 – Del Taco Restaurants was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “

Del Taco Restaurants, Inc. (NASDAQ:TACO) traded down 0.16% during mid-day trading on Monday, reaching $12.75. 121,418 shares of the company’s stock traded hands. The company has a market cap of $493.25 million, a P/E ratio of 22.45 and a beta of -0.21. The stock has a 50 day moving average of $13.32 and a 200 day moving average of $13.21. Del Taco Restaurants, Inc. has a 12-month low of $10.05 and a 12-month high of $15.32.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The firm had revenue of $108.60 million during the quarter, compared to analyst estimates of $107.08 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Del Taco Restaurants’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Del Taco Restaurants, Inc. will post $0.55 earnings per share for the current fiscal year.

In related news, Director Eileen A. Aptman bought 26,010 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $12.97 per share, for a total transaction of $337,349.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

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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