Del Taco Restaurants (TACO) Receives Buy Rating from Wedbush

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.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $110.99 million during the quarter, compared to the consensus estimate of $110.46 million. Del Taco Restaurants had a return on equity of 5.82% and a net margin of 4.60%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. equities analysts expect that Del Taco Restaurants will post 0.54 EPS for the current fiscal year.

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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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