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.

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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.

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