Del Taco Restaurants, Inc. (NASDAQ:TACO)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday, July 26th. They currently have a $13.00 target price on the restaurant operator’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 1.80% from the company’s current price.
Several other research firms have also recently weighed in on TACO. Maxim Group restated a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, June 20th. Wedbush reissued a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 5th. Finally, BidaskClub lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.57.
Shares of Del Taco Restaurants (TACO) traded down 0.16% during midday trading on Wednesday, hitting $12.75. 138,134 shares of the stock were exchanged. The stock has a market capitalization of $493.25 million, a price-to-earnings ratio of 22.45 and a beta of -0.21. The firm’s 50 day moving average is $13.32 and its 200-day moving average is $13.21. Del Taco Restaurants has a 1-year low of $10.05 and a 1-year high of $15.32.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The business had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $107.08 million. During the same period in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Del Taco Restaurants will post $0.55 EPS for the current year.
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In other news, Director Eileen A. Aptman purchased 26,010 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of $12.97 per share, with a total value of $337,349.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of Del Taco Restaurants by 21.6% in the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 98.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,315 shares of the restaurant operator’s stock worth $16,667,000 after buying an additional 585,518 shares during the last quarter. RK Capital Management LLC acquired a new position in Del Taco Restaurants during the first quarter worth about $5,137,000. MARSHALL WACE ASIA Ltd acquired a new position in Del Taco Restaurants during the first quarter worth about $4,148,000. Finally, Marshall Wace North America L.P. acquired a new position in Del Taco Restaurants during the first quarter worth about $4,148,000. Institutional investors own 66.76% 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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