Del Taco Restaurants, Inc. (NASDAQ:TACO) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Friday.

Several other research firms also recently issued reports on TACO. BidaskClub downgraded Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, September 27th. Wedbush reiterated a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Friday. Maxim Group reiterated a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research report on Friday. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $16.00 target price on shares of Del Taco Restaurants in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.67.

Del Taco Restaurants (NASDAQ:TACO) traded down 1.35% during midday trading on Friday, hitting $12.39. The stock had a trading volume of 783,184 shares. The firm has a market capitalization of $479.32 million, a price-to-earnings ratio of 21.81 and a beta of -0.20. The firm has a 50-day moving average price of $14.89 and a 200-day moving average price of $13.60. Del Taco Restaurants has a 1-year low of $11.58 and a 1-year high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $110.99 million for the quarter, compared to analyst estimates of $110.46 million. Del Taco Restaurants had a return on equity of 5.92% and a net margin of 4.78%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Del Taco Restaurants will post $0.54 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in Del Taco Restaurants by 11.1% in the 2nd quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock worth $64,421,000 after purchasing an additional 467,077 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Del Taco Restaurants by 21.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,943,765 shares of the restaurant operator’s stock worth $26,727,000 after purchasing an additional 340,701 shares in the last quarter. Vanguard Group Inc. increased its holdings in Del Taco Restaurants by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock worth $18,854,000 after purchasing an additional 137,941 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Del Taco Restaurants by 24.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 742,868 shares of the restaurant operator’s stock worth $10,214,000 after purchasing an additional 145,736 shares in the last quarter. Finally, RK Capital Management LLC increased its holdings in Del Taco Restaurants by 78.2% in the 2nd quarter. RK Capital Management LLC now owns 690,387 shares of the restaurant operator’s stock worth $9,493,000 after purchasing an additional 303,000 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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