Del Taco Restaurants Inc (TACO) Receives $16.20 Consensus PT from Analysts

Del Taco Restaurants Inc (NASDAQ:TACO) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.20.

TACO has been the subject of a number of research reports. TheStreet raised Del Taco Restaurants from a “c” rating to a “b-” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Maxim Group reiterated a “buy” rating and set a $19.00 price objective (down previously from $20.00) on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Wedbush reiterated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Finally, BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th.

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Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Del Taco Restaurants during the 3rd quarter valued at $131,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Del Taco Restaurants during the 4th quarter valued at $136,000. Teacher Retirement System of Texas acquired a new stake in shares of Del Taco Restaurants during the 4th quarter valued at $146,000. Jane Street Group LLC acquired a new stake in shares of Del Taco Restaurants during the 3rd quarter valued at $158,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter valued at $165,000. Institutional investors own 78.55% of the company’s stock.

Shares of Del Taco Restaurants (TACO) traded down $0.06 during midday trading on Friday, reaching $10.69. The company’s stock had a trading volume of 147,144 shares, compared to its average volume of 323,869. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.41. The company has a market cap of $420.98, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.12 and a beta of -0.20. Del Taco Restaurants has a 52-week low of $10.45 and a 52-week high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Wednesday, March 14th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $146.50 million for the quarter, compared to the consensus estimate of $147.35 million. Del Taco Restaurants had a net margin of 10.58% and a return on equity of 5.35%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. analysts predict that Del Taco Restaurants will post 0.62 EPS for the current year.

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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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