Del Taco Restaurants, Inc. (NASDAQ:TACO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday, July 24th.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, May 17th. Wedbush reiterated a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Del Taco Restaurants in a report on Monday, May 15th. Finally, Maxim Group reiterated a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Del Taco Restaurants has an average rating of “Buy” and an average target price of $15.57.
Shares of Del Taco Restaurants (TACO) traded down 2.25% on Monday, reaching $12.60. 200,855 shares of the company’s stock were exchanged. The company has a market capitalization of $487.44 million, a P/E ratio of 22.18 and a beta of -0.21. Del Taco Restaurants has a 1-year low of $10.55 and a 1-year high of $15.32. The stock’s 50-day moving average price is $12.97 and its 200-day moving average price is $13.10.
Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $107.08 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in TACO. Mesirow Financial Investment Management Inc. purchased a new stake in Del Taco Restaurants during the second quarter worth about $560,000. California State Teachers Retirement System raised its stake in Del Taco Restaurants by 28.1% in the second quarter. California State Teachers Retirement System now owns 58,409 shares of the restaurant operator’s stock worth $803,000 after buying an additional 12,800 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Del Taco Restaurants by 43.2% in the second quarter. The Manufacturers Life Insurance Company now owns 25,872 shares of the restaurant operator’s stock worth $356,000 after buying an additional 7,802 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Del Taco Restaurants during the second quarter worth about $249,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Del Taco Restaurants during the second quarter worth about $319,000. Institutional investors and hedge funds own 65.78% of the company’s stock.
Del Taco Restaurants Company Profile
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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