Lawrence F. Levy Buys 200,000 Shares of Del Taco Restaurants, Inc. (TACO) Stock
Del Taco Restaurants, Inc. (NASDAQ:TACO) Director Lawrence F. Levy purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were bought at an average price of $12.54 per share, with a total value of $2,508,000.00. Following the acquisition, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) traded down 1.27% during trading on Tuesday, hitting $12.40. The stock had a trading volume of 995,094 shares. Del Taco Restaurants, Inc. has a 12 month low of $11.58 and a 12 month high of $15.99. The stock has a 50 day moving average of $14.82 and a 200 day moving average of $13.60. The company has a market cap of $479.71 million, a PE ratio of 21.83 and a beta of -0.20.
Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.92% and a net margin of 4.78%. The company had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that Del Taco Restaurants, Inc. will post $0.54 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/24/lawrence-f-levy-buys-200000-shares-of-del-taco-restaurants-inc-taco-stock.html.
TACO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Maxim Group restated a “buy” rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, October 4th. Wedbush restated a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, September 13th. BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, BTIG Research reduced their price objective on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Del Taco Restaurants presently has an average rating of “Hold” and an average target price of $16.67.
A number of large investors have recently made changes to their positions in TACO. Bank of Montreal Can lifted its holdings in Del Taco Restaurants by 5,995.7% during the second quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock worth $135,000 after buying an additional 9,653 shares during the period. Voya Investment Management LLC purchased a new stake in Del Taco Restaurants during the second quarter worth $165,000. American International Group Inc. lifted its holdings in Del Taco Restaurants by 7.0% during the first quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after buying an additional 927 shares during the period. Martingale Asset Management L P purchased a new stake in Del Taco Restaurants during the second quarter worth $200,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Del Taco Restaurants during the second quarter worth $249,000. 69.93% of the stock is currently owned by institutional investors.
About Del Taco Restaurants
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.
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.