Brokerages Set Del Taco Restaurants Inc (NASDAQ:TACO) Target Price at $14.60

Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.75.

TACO has been the subject of a number of recent research reports. ValuEngine raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research note on Monday, July 8th. TheStreet raised shares of Del Taco Restaurants from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. BidaskClub downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Maxim Group reissued a “buy” rating on shares of Del Taco Restaurants in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st.

Shares of NASDAQ:TACO opened at $11.75 on Tuesday. The company has a market capitalization of $433.19 million, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.24. Del Taco Restaurants has a 52 week low of $9.45 and a 52 week high of $13.54. The company has a quick ratio of 0.24, a current ratio of 0.18 and a debt-to-equity ratio of 0.88. The business has a 50 day simple moving average of $12.39.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $121.50 million during the quarter, compared to the consensus estimate of $120.37 million. Del Taco Restaurants had a net margin of 2.94% and a return on equity of 4.62%. Del Taco Restaurants’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts anticipate that Del Taco Restaurants will post 0.5 earnings per share for the current fiscal year.

In other news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total transaction of $159,975.00. Following the transaction, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at $1,400,788.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 16.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Del Taco Restaurants by 24.1% during the fourth 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. Bessemer Group Inc. increased its position in shares of Del Taco Restaurants by 1.1% during the second quarter. Bessemer Group Inc. now owns 111,900 shares of the restaurant operator’s stock worth $1,435,000 after purchasing an additional 1,200 shares in the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Del Taco Restaurants by 3.6% during the second quarter. Rothschild Investment Corp IL now owns 42,600 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 1,500 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Del Taco Restaurants by 13.2% during the fourth quarter. Citigroup Inc. now owns 15,141 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 1,760 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Del Taco Restaurants by 3.8% during the second quarter. Swiss National Bank now owns 59,800 shares of the restaurant operator’s stock valued at $767,000 after buying an additional 2,200 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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