Del Taco Restaurants Inc (NASDAQ:TACO) has been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.50.

Several equities research analysts have recently weighed in on TACO shares. Maxim Group reissued a “buy” rating and set a $14.00 target price on shares of Del Taco Restaurants in a research report on Monday. BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Wedbush cut their target price on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. TheStreet lowered Del Taco Restaurants from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd. Finally, Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th.

Shares of NASDAQ TACO traded down $0.29 during midday trading on Tuesday, hitting $7.54. 196,517 shares of the company’s stock were exchanged, compared to its average volume of 348,543. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.37. Del Taco Restaurants has a twelve month low of $6.92 and a twelve month high of $13.50. The company has a market cap of $287.95 million, a PE ratio of 188.50, a P/E/G ratio of 1.20 and a beta of 0.23. The firm’s fifty day simple moving average is $7.75 and its 200-day simple moving average is $9.54.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Monday, October 21st. The restaurant operator reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Del Taco Restaurants had a return on equity of 4.11% and a net margin of 0.29%. The business had revenue of $120.20 million for the quarter, compared to analyst estimates of $119.27 million. During the same period last year, the business posted $0.15 EPS. Del Taco Restaurants’s revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Del Taco Restaurants will post 0.46 EPS for the current fiscal year.

In other news, Director Eileen A. Aptman purchased 35,420 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of $7.19 per share, for a total transaction of $254,669.80. Following the purchase, the director now directly owns 45,511 shares of the company’s stock, valued at approximately $327,224.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen A. Aptman purchased 63,090 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $7.44 per share, for a total transaction of $469,389.60. Following the purchase, the director now directly owns 45,511 shares in the company, valued at $338,601.84. The disclosure for this purchase can be found here. Insiders have bought a total of 189,879 shares of company stock worth $1,442,220 in the last three months. Corporate insiders own 16.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TACO. Managed Asset Portfolios LLC grew its stake in Del Taco Restaurants by 81.2% during the 3rd quarter. Managed Asset Portfolios LLC now owns 1,051,785 shares of the restaurant operator’s stock worth $10,754,000 after buying an additional 471,380 shares during the last quarter. Marshall Wace LLP grew its stake in Del Taco Restaurants by 3,060.1% during the 2nd quarter. Marshall Wace LLP now owns 275,245 shares of the restaurant operator’s stock worth $3,528,000 after buying an additional 266,535 shares during the last quarter. Barclays PLC grew its stake in Del Taco Restaurants by 991.3% during the 3rd quarter. Barclays PLC now owns 218,517 shares of the restaurant operator’s stock worth $2,233,000 after buying an additional 198,493 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Del Taco Restaurants during the 3rd quarter worth approximately $1,832,000. Finally, Russell Investments Group Ltd. grew its stake in Del Taco Restaurants by 11.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,745,129 shares of the restaurant operator’s stock worth $17,844,000 after buying an additional 174,922 shares during the last quarter. Hedge funds and other institutional investors own 88.50% of the company’s stock.

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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