Del Taco Restaurants (NASDAQ:TACO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other brokerages have also issued reports on TACO. Dougherty & Co lifted their price target on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, July 6th. Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Saturday, July 7th. ValuEngine raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. TheStreet raised shares of Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Finally, Piper Jaffray Companies lifted their price target on shares of Del Taco Restaurants from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.75.
Shares of Del Taco Restaurants stock traded down $0.24 during midday trading on Friday, hitting $10.77. 42,647 shares of the company traded hands, compared to its average volume of 315,420. The firm has a market capitalization of $393.88 million, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.19 and a beta of -0.08. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 12 month low of $9.45 and a 12 month high of $14.83.
A number of institutional investors and hedge funds have recently bought and sold shares of TACO. SG Americas Securities LLC bought a new stake in Del Taco Restaurants during the 2nd quarter worth approximately $111,000. Bank of Montreal Can grew its holdings in Del Taco Restaurants by 6,440.5% during the 3rd quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock worth $170,000 after acquiring an additional 14,169 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Del Taco Restaurants during the 2nd quarter worth approximately $285,000. GSA Capital Partners LLP grew its holdings in Del Taco Restaurants by 113.4% during the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after acquiring an additional 20,603 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Del Taco Restaurants by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock worth $581,000 after acquiring an additional 6,042 shares during the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
About Del Taco Restaurants
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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