Del Taco Restaurants Inc (NASDAQ:TACO) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.40.

Several research firms have recently weighed in on TACO. TheStreet cut Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Friday, October 20th. Wedbush reissued a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group reissued a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a report on Friday, October 20th. BTIG Research lowered their price target on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Finally, Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th.

Del Taco Restaurants (NASDAQ:TACO) opened at $12.11 on Thursday. The stock has a market capitalization of $465.67, a P/E ratio of 21.89, a P/E/G ratio of 1.34 and a beta of -0.29. Del Taco Restaurants has a 12-month low of $11.58 and a 12-month high of $15.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.24.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. equities analysts anticipate that Del Taco Restaurants will post 0.54 earnings per share for the current fiscal year.

In related news, Director Lawrence F. Levy acquired 200,000 shares of Del Taco Restaurants stock in a transaction dated 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 purchase, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 14.60% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Del Taco Restaurants by 45.5% in the 1st quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 8,207 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Del Taco Restaurants by 777.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 252,148 shares of the restaurant operator’s stock worth $3,467,000 after purchasing an additional 223,417 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Del Taco Restaurants in the 2nd quarter worth $319,000. Rothschild Investment Corp IL increased its stake in shares of Del Taco Restaurants by 22.7% in the 3rd quarter. Rothschild Investment Corp IL now owns 64,325 shares of the restaurant operator’s stock worth $987,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Del Taco Restaurants by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,892,950 shares of the restaurant operator’s stock worth $29,038,000 after purchasing an additional 40,230 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

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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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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