Del Taco Restaurants (TACO) Stock Rating Upgraded by TheStreet

Del Taco Restaurants (NASDAQ:TACO) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research note issued on Wednesday.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BTIG Research reduced their price target on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a research report on Thursday, October 12th. BidaskClub lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.67.

Del Taco Restaurants (NASDAQ TACO) traded up $0.15 during mid-day trading on Wednesday, hitting $12.09. 355,709 shares of the stock traded hands, compared to its average volume of 380,919. The stock has a market cap of $468.38, a price-to-earnings ratio of 22.02, a PEG ratio of 1.35 and a beta of -0.29. 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 1 year low of $11.58 and a 1 year high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, meeting 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 business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. sell-side analysts forecast that Del Taco Restaurants will post 0.54 EPS for the current fiscal year.

In related news, Director Lawrence F. Levy bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the acquisition, the director now owns 18,356 shares of the company’s stock, valued at $230,184.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $113,435.00. Following the completion of the sale, the senior vice president now owns 115,412 shares of the company’s stock, valued at approximately $1,413,797. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in 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 valued at $348,000 after purchasing an additional 8,207 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 valued at $3,467,000 after purchasing an additional 223,417 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Del Taco Restaurants in the 2nd quarter valued at approximately $319,000. Rothschild Investment Corp IL increased its holdings in 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 valued at $987,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in 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 valued at $29,038,000 after purchasing an additional 40,230 shares during 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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