Del Taco Restaurants, Inc. (TACO) Receives Average Rating of “Hold” from Analysts
Del Taco Restaurants, Inc. (NASDAQ:TACO) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.40.
TACO has been the subject of several recent analyst reports. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, August 1st. Wedbush restated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, September 13th. BTIG Research restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Monday, September 25th. Maxim Group restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, October 12th.
In other news, Director Lawrence F. Levy bought 200,000 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $2,508,000.00. Following the completion of the transaction, the director now owns 18,356 shares of the company’s stock, valued at $230,184.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 14.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of TACO. SG Americas Securities LLC bought a new position in Del Taco Restaurants in the third quarter valued at about $131,000. Bank of Montreal Can raised its position in Del Taco Restaurants by 5,995.7% in the second quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 9,653 shares during the last quarter. Voya Investment Management LLC bought a new position in Del Taco Restaurants in the second quarter valued at about $165,000. American International Group Inc. raised its position in Del Taco Restaurants by 7.0% in the first quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock valued at $189,000 after purchasing an additional 927 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in Del Taco Restaurants in the second quarter valued at about $200,000. Hedge funds and other institutional investors own 70.18% of the company’s stock.
Shares of Del Taco Restaurants (TACO) traded up $0.12 during mid-day trading on Friday, hitting $12.14. The company had a trading volume of 478,000 shares, compared to its average volume of 787,046. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.42. Del Taco Restaurants has a twelve month low of $11.58 and a twelve month high of $15.99. The company has a market cap of $469.54, a P/E ratio of 22.07, a P/E/G ratio of 1.35 and a beta of -0.27.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The business had revenue of $110.99 million during the quarter, compared to the consensus estimate of $110.46 million. During the same period in the prior year, the company earned $0.13 EPS. Del Taco Restaurants’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts anticipate that Del Taco Restaurants will post 0.54 EPS for the current year.
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.