Del Taco Restaurants (TACO) Stock Rating Reaffirmed by Maxim Group

Maxim Group reissued their buy rating on shares of Del Taco Restaurants (NASDAQ:TACO) in a research note released on Tuesday, Briefing.com Automated Import reports. The brokerage currently has a $14.00 price target on the restaurant operator’s stock, down from their previous price target of $15.00.

Several other equities analysts have also recently weighed in on TACO. BidaskClub cut shares of Del Taco Restaurants from a buy rating to a hold rating in a research report on Thursday, January 17th. Zacks Investment Research upgraded shares of Del Taco Restaurants from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Friday, January 18th. Wedbush restated an outperform rating and set a $15.00 price target on shares of Del Taco Restaurants in a report on Friday, February 1st. Finally, ValuEngine cut shares of Del Taco Restaurants from a hold rating to a sell rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $14.14.

NASDAQ TACO opened at $11.03 on Tuesday. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.83. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $406.96 million, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.28 and a beta of 0.19.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Monday, March 18th. The restaurant operator reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Del Taco Restaurants had a return on equity of 5.12% and a net margin of 3.75%. The firm had revenue of $157.30 million for the quarter, compared to analysts’ expectations of $157.01 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts anticipate that Del Taco Restaurants will post 0.5 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new stake in Del Taco Restaurants in the 1st quarter worth about $42,000. Legal & General Group Plc raised its stake in Del Taco Restaurants by 24.1% in the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 1,145 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Del Taco Restaurants by 412.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,380 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 5,136 shares in the last quarter. Alta Capital Management LLC acquired a new stake in Del Taco Restaurants in the 1st quarter worth about $109,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Del Taco Restaurants by 415.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,250 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 9,067 shares in the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.

Del Taco Restaurants Company Profile

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.

Recommended Story: How dollar cost averaging works

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.