Piper Jaffray Companies reaffirmed their hold rating on shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) in a report published on Wednesday morning. Piper Jaffray Companies currently has a $13.00 price target on the restaurant operator’s stock.

A number of other research firms have also commented on TACO. Jefferies Group LLC reaffirmed a buy rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a research note on Friday, May 5th. Wedbush reaffirmed a buy rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research note on Friday, May 5th. BidaskClub lowered shares of Del Taco Restaurants from a buy rating to a hold rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Del Taco Restaurants from a buy rating to a hold rating in a research note on Saturday, June 17th. Finally, Maxim Group reaffirmed a buy rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Del Taco Restaurants has an average rating of Hold and an average target price of $15.57.

Del Taco Restaurants (NASDAQ:TACO) opened at 13.24 on Wednesday. Del Taco Restaurants has a 12 month low of $9.96 and a 12 month high of $15.32. The stock’s 50 day moving average is $13.34 and its 200-day moving average is $13.23. The company has a market capitalization of $509.98 million, a PE ratio of 24.16 and a beta of -0.19.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.92%. The company had revenue of $108.60 million for the quarter, compared to analyst estimates of $107.08 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Del Taco Restaurants will post $0.56 EPS for the current year.

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In related news, Director Eileen A. Aptman bought 26,010 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average cost of $12.97 per share, with a total value of $337,349.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kornitzer Capital Management Inc. KS raised its position in shares of Del Taco Restaurants by 41.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 140,500 shares of the restaurant operator’s stock valued at $1,863,000 after buying an additional 41,500 shares in the last quarter. State Street Corp raised its position in shares of Del Taco Restaurants by 4.8% in the fourth quarter. State Street Corp now owns 373,077 shares of the restaurant operator’s stock valued at $5,266,000 after buying an additional 17,013 shares in the last quarter. Millrace Asset Group Inc. raised its position in shares of Del Taco Restaurants by 24.3% in the first quarter. Millrace Asset Group Inc. now owns 167,504 shares of the restaurant operator’s stock valued at $2,221,000 after buying an additional 32,748 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $16,667,000 after buying an additional 585,518 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Del Taco Restaurants during the first quarter valued at about $317,000. 68.70% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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