Zacks Investment Research upgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a sell rating to a hold rating in a report released on Saturday morning.

According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “

Several other research firms have also recently weighed in on TACO. BidaskClub cut shares of Del Taco Restaurants from a hold rating to a sell rating in a report on Friday, October 19th. TheStreet cut shares of Del Taco Restaurants from a b- rating to a c+ rating in a report on Monday, October 22nd. ValuEngine upgraded shares of Del Taco Restaurants from a sell rating to a hold rating in a report on Wednesday, October 24th. Maxim Group reduced their price target on shares of Del Taco Restaurants from $19.00 to $16.00 and set a buy rating for the company in a report on Wednesday, October 17th. Finally, Dougherty & Co set a $17.00 price target on shares of Del Taco Restaurants and gave the company a buy rating in a report on Wednesday, October 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Del Taco Restaurants has a consensus rating of Buy and an average target price of $14.75.

Shares of NASDAQ TACO opened at $10.07 on Friday. The company has a market cap of $380.28 million, a P/E ratio of 19.37, a PEG ratio of 1.15 and a beta of 0.06. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 52-week low of $9.45 and a 52-week high of $14.83.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $119.84 million. Del Taco Restaurants had a net margin of 9.81% and a return on equity of 4.93%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. As a group, equities research analysts predict that Del Taco Restaurants will post 0.56 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc lifted its position in shares of Del Taco Restaurants by 5.0% in the third quarter. Vanguard Group Inc now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after purchasing an additional 71,602 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Del Taco Restaurants by 5.0% in the third quarter. Vanguard Group Inc. now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after purchasing an additional 71,602 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Del Taco Restaurants by 10.7% in the third quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock worth $771,000 after purchasing an additional 6,301 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Del Taco Restaurants by 199.5% in the third quarter. AQR Capital Management LLC now owns 105,998 shares of the restaurant operator’s stock worth $1,252,000 after purchasing an additional 70,604 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of Del Taco Restaurants by 56.0% in the third quarter. MetLife Investment Advisors LLC now owns 25,263 shares of the restaurant operator’s stock worth $298,000 after purchasing an additional 9,067 shares in the last quarter. 82.19% of the stock is currently owned by institutional investors and hedge funds.

Del Taco Restaurants Company Profile

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