Del Taco Restaurants Inc (NASDAQ:TACO) Receives $14.50 Average Price Target from Brokerages

Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.50.

Several research analysts have commented on TACO shares. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday. Maxim Group reissued a “buy” rating and issued a $60.00 price target on shares of Otter Tail in a research report on Tuesday, May 7th. Finally, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st.

Shares of TACO traded down $0.01 during midday trading on Friday, hitting $12.84. The stock had a trading volume of 334,828 shares, compared to its average volume of 288,090. Del Taco Restaurants has a fifty-two week low of $9.45 and a fifty-two week high of $14.46. The stock’s 50-day moving average price is $11.77. The company has a market capitalization of $475.86 million, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.65 and a beta of 0.25. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Monday, May 6th. The restaurant operator reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Del Taco Restaurants had a return on equity of 4.75% and a net margin of 3.38%. The firm had revenue of $114.20 million during the quarter, compared to analyst estimates of $114.22 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Del Taco Restaurants will post 0.5 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment Corp IL raised its position in 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 acquiring an additional 1,500 shares in the last quarter. Martingale Asset Management L P raised its position in Del Taco Restaurants by 925.0% during the first quarter. Martingale Asset Management L P now owns 193,716 shares of the restaurant operator’s stock valued at $1,950,000 after acquiring an additional 174,816 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in Del Taco Restaurants by 0.7% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 700,529 shares of the restaurant operator’s stock valued at $7,047,000 after acquiring an additional 5,194 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Del Taco Restaurants by 2.7% during the first quarter. Frontier Capital Management Co. LLC now owns 2,195,800 shares of the restaurant operator’s stock valued at $22,090,000 after acquiring an additional 57,543 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Del Taco Restaurants by 0.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 868,159 shares of the restaurant operator’s stock valued at $8,734,000 after acquiring an additional 6,300 shares in the last quarter. 80.14% of the stock is 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.

Recommended Story: Hold Rating

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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