Del Taco Restaurants Inc (NASDAQ:TACO) SVP David Pear sold 9,260 shares of Del Taco Restaurants stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Del Taco Restaurants Inc (NASDAQ:TACO) traded up $0.11 during trading on Wednesday, reaching $12.11. 371,495 shares of the company’s stock traded hands, compared to its average volume of 381,565. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The firm has a market capitalization of $467.99, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.34 and a beta of -0.29. Del Taco Restaurants Inc has a 12-month low of $11.58 and a 12-month high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $110.99 million for the quarter, compared to analyst estimates of $110.46 million. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. analysts predict that Del Taco Restaurants Inc will post 0.54 EPS for the current fiscal year.
Several brokerages recently commented on TACO. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. 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 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group reissued a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Finally, BTIG Research dropped their target price 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Del Taco Restaurants has an average rating of “Hold” and a consensus price target of $16.67.
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.
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