TACO has been the subject of several other research reports. Zacks Investment Research downgraded shares of Del Taco Restaurants from a hold rating to a sell rating in a research report on Wednesday, October 18th. Wedbush reaffirmed a buy rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Friday, October 20th. Maxim Group reaffirmed a buy rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Friday, October 20th. BTIG Research reaffirmed a buy rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Monday, September 25th. Finally, BidaskClub cut Del Taco Restaurants from a sell rating to a strong sell rating in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $16.67.
Shares of Del Taco Restaurants (NASDAQ TACO) opened at $12.12 on Friday. The firm has a market cap of $473.80, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.36 and a beta of -0.27. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.42. Del Taco Restaurants has a 52-week low of $11.58 and a 52-week high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share 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 net margin of 4.78% and a return on equity of 5.89%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. equities research analysts forecast that Del Taco Restaurants will post 0.54 earnings per share for the current fiscal year.
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In related news, Director Lawrence F. Levy acquired 200,000 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were acquired at an average cost of $12.54 per share, for a total transaction of $2,508,000.00. Following the purchase, the director now owns 18,356 shares in the company, valued at $230,184.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 14.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Del Taco Restaurants during the 3rd quarter worth $131,000. Bank of Montreal Can raised its stake in shares of Del Taco Restaurants by 5,995.7% during the 2nd quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 9,653 shares during the period. Voya Investment Management LLC bought a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $165,000. American International Group Inc. raised its stake in shares of Del Taco Restaurants by 7.0% during the 1st quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 927 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $200,000. Institutional investors own 70.18% of the company’s stock.
About Del Taco Restaurants
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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