Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have earned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.50.
Several equities analysts recently commented on TACO shares. BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Saturday, January 25th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th. Wedbush cut their target price on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Maxim Group restated a “buy” rating and set a $14.00 target price on shares of Del Taco Restaurants in a research report on Monday, January 20th.
In other Del Taco Restaurants news, Director Eileen A. Aptman purchased 63,090 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $7.44 per share, with a total value of $469,389.60. Following the acquisition, the director now directly owns 45,511 shares of the company’s stock, valued at approximately $338,601.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eileen A. Aptman purchased 91,369 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $7.86 per share, with a total value of $718,160.34. Following the completion of the acquisition, the director now directly owns 45,511 shares in the company, valued at $357,716.46. The disclosure for this purchase can be found here. Insiders have purchased a total of 189,879 shares of company stock valued at $1,442,220 in the last 90 days. 16.40% of the stock is owned by corporate insiders.
Del Taco Restaurants stock opened at $7.67 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.37. The company has a market capitalization of $284.24 million, a PE ratio of 191.75, a price-to-earnings-growth ratio of 1.17 and a beta of 0.25. Del Taco Restaurants has a one year low of $6.92 and a one year high of $13.50. The business has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $8.98.
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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