Del Taco Restaurants (NASDAQ:TACO) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Dougherty & Co upped their target price on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the stock a “buy” rating in a research report on Friday, July 6th. Citigroup upped their target price on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Piper Jaffray Companies upped their target price on shares of Del Taco Restaurants from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Wedbush restated a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Friday, May 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.06.

Shares of Del Taco Restaurants stock opened at $13.44 on Thursday. Del Taco Restaurants has a 52-week low of $10.00 and a 52-week high of $15.99. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $510.92 million, a PE ratio of 25.85, a PEG ratio of 1.40 and a beta of -0.09.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. The business had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.97 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. equities analysts anticipate that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.

In other Del Taco Restaurants news, CEO John D. Jr. Cappasola sold 7,500 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $13.98, for a total transaction of $104,850.00. Following the transaction, the chief executive officer now directly owns 506,031 shares in the company, valued at $7,074,313.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TACO. SG Americas Securities LLC purchased a new stake in shares of Del Taco Restaurants in the second quarter valued at about $111,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Del Taco Restaurants in the fourth quarter valued at about $136,000. MetLife Investment Advisors LLC purchased a new stake in shares of Del Taco Restaurants in the fourth quarter valued at about $196,000. Mackay Shields LLC purchased a new stake in shares of Del Taco Restaurants in the first quarter valued at about $280,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Del Taco Restaurants in the second quarter valued at about $285,000. 82.64% of the stock is currently owned by institutional investors.

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 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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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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