Wedbush reissued their buy rating on shares of Del Taco Restaurants (NASDAQ:TACO) in a research note published on Tuesday. The firm currently has a $17.00 price objective on the restaurant operator’s stock.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Del Taco Restaurants from a buy rating to a hold rating in a report on Tuesday, September 26th. BTIG Research dropped their price objective on Del Taco Restaurants from $19.00 to $17.00 and set a buy rating for the company in a report on Friday, October 20th. Jefferies Group reiterated a buy rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a report on Thursday, October 12th. BidaskClub downgraded Del Taco Restaurants from a hold rating to a sell rating in a report on Thursday, December 7th. Finally, Maxim Group reiterated a buy rating and issued a $20.00 price objective on shares of Del Taco Restaurants in a report on Monday, January 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Del Taco Restaurants presently has a consensus rating of Buy and a consensus price target of $16.67.
Shares of Del Taco Restaurants (NASDAQ TACO) opened at $13.47 on Tuesday. The company has a market capitalization of $520.98, a PE ratio of 24.05, a P/E/G ratio of 1.29 and a beta of -0.29. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. Del Taco Restaurants has a fifty-two week low of $11.58 and a fifty-two week high of $15.99.
In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $12.25, for a total value of $113,435.00. Following the completion of the transaction, the senior vice president now directly owns 115,412 shares of the company’s stock, valued at $1,413,797. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence F. Levy bought 200,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was acquired at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the completion of the purchase, the director now owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The disclosure for this purchase can be found here. 14.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Adams Asset Advisors LLC acquired a new position in Del Taco Restaurants in the fourth quarter valued at about $1,020,000. North Star Investment Management Corp. acquired a new position in Del Taco Restaurants in the fourth quarter valued at about $1,714,000. Jane Street Group LLC acquired a new position in Del Taco Restaurants in the third quarter valued at about $158,000. Granite Point Capital Management L.P. acquired a new position in Del Taco Restaurants in the third quarter valued at about $913,000. Finally, Royce & Associates LP grew its stake in Del Taco Restaurants by 82.2% in the third quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock valued at $11,667,000 after acquiring an additional 343,171 shares during the period. 81.39% of the stock is owned by hedge funds and other institutional investors.
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Del Taco Restaurants Company Profile
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.
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