Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have earned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.64.
Several research analysts recently commented on TACO shares. BidaskClub downgraded Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. ValuEngine raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. TheStreet raised Del Taco Restaurants from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. Finally, Piper Jaffray Companies increased their price objective on Del Taco Restaurants from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, July 27th.
In related news, CEO John D. Jr. Cappasola sold 7,500 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.98, for a total value of $104,850.00. Following the completion of the transaction, the chief executive officer now directly owns 506,031 shares of the company’s stock, valued at approximately $7,074,313.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in shares of Del Taco Restaurants by 97.1% in the 1st quarter. Prudential Financial Inc. now owns 186,560 shares of the restaurant operator’s stock worth $1,933,000 after acquiring an additional 91,900 shares during the last quarter. Emerald Advisers Inc. PA acquired a new stake in shares of Del Taco Restaurants in the 2nd quarter worth $3,344,000. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,028,759 shares of the restaurant operator’s stock worth $31,378,000 after acquiring an additional 264,462 shares during the last quarter. Boston Partners increased its stake in shares of Del Taco Restaurants by 1.0% in the 2nd quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock worth $5,700,000 after acquiring an additional 3,920 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Del Taco Restaurants in the 1st quarter worth $280,000. 77.68% of the stock is owned by hedge funds and other institutional investors.
Shares of TACO stock opened at $12.67 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market cap of $485.64 million, a PE ratio of 24.37, a price-to-earnings-growth ratio of 1.33 and a beta of -0.09. Del Taco Restaurants has a 1-year low of $10.00 and a 1-year high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $117.81 million during the quarter, compared to the consensus estimate of $116.97 million. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. sell-side analysts forecast that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.
About Del Taco Restaurants
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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.
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