Del Taco Restaurants (NASDAQ:TACO) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06, MarketWatch Earnings reports. Del Taco Restaurants had a positive return on equity of 3.61% and a negative net margin of 45.73%.
Shares of NASDAQ:TACO opened at $10.39 on Friday. Del Taco Restaurants has a 1 year low of $2.45 and a 1 year high of $10.43. The business has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $6.66. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 1.99. The firm has a market cap of $387.81 million, a price-to-earnings ratio of -1.71, a P/E/G ratio of 2.21 and a beta of 1.76.
In other news, Director Ari B. Levy bought 23,760 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $7.45 per share, for a total transaction of $177,012.00. Following the completion of the purchase, the director now owns 349,216 shares of the company’s stock, valued at approximately $2,601,659.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence F. Levy bought 50,800 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average price of $8.38 per share, with a total value of $425,704.00. Following the purchase, the director now directly owns 275,777 shares of the company’s stock, valued at approximately $2,311,011.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 105,310 shares of company stock worth $829,255. Corporate insiders own 16.50% of the company’s stock.
Several equities research analysts have recently weighed in on TACO shares. Zacks Investment Research raised Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, August 26th. Jefferies Financial Group raised their price objective on Del Taco Restaurants from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 16th. CL King raised their price objective on Del Taco Restaurants from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Wedbush increased their target price on Del Taco Restaurants from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Finally, Piper Sandler increased their target price on Del Taco Restaurants from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Del Taco Restaurants presently has an average rating of “Buy” and an average price target of $11.33.
About Del Taco Restaurants
Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.
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