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.
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.
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