Del Taco Restaurants Inc (NASDAQ:TACO) Receives $14.50 Average Price Target from Brokerages

Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have been given a consensus rating of “Buy” by the ten analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.50.

Several equities research analysts have weighed in on TACO shares. ValuEngine raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Maxim Group reiterated a “buy” rating and issued a $15.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, March 19th. Finally, BidaskClub cut shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 11th.

In related news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $11.85, for a total transaction of $159,975.00. Following the sale, the senior vice president now owns 118,210 shares of the company’s stock, valued at approximately $1,400,788.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.40% of the company’s stock.



A number of hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in Del Taco Restaurants by 24.1% in the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock worth $58,000 after buying an additional 1,145 shares in the last quarter. Citigroup Inc. grew its stake in Del Taco Restaurants by 13.2% in the 4th quarter. Citigroup Inc. now owns 15,141 shares of the restaurant operator’s stock worth $151,000 after buying an additional 1,760 shares in the last quarter. Rothschild Investment Corp IL grew its stake in Del Taco Restaurants by 6.8% in the 1st quarter. Rothschild Investment Corp IL now owns 41,100 shares of the restaurant operator’s stock worth $413,000 after buying an additional 2,600 shares in the last quarter. Emerald Advisers LLC grew its stake in Del Taco Restaurants by 0.5% in the 1st quarter. Emerald Advisers LLC now owns 860,896 shares of the restaurant operator’s stock worth $8,661,000 after buying an additional 4,150 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Del Taco Restaurants in the 1st quarter worth approximately $42,000. 80.14% of the stock is owned by institutional investors and hedge funds.

NASDAQ TACO opened at $13.25 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market cap of $490.98 million, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.25. The stock’s 50 day moving average price is $11.72. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.50.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $114.20 million during the quarter, compared to analyst estimates of $114.22 million. Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Equities research analysts predict that Del Taco Restaurants will post 0.5 earnings per share for the current year.

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 December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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