Del Taco Restaurants Inc (TACO) Receives $15.14 Consensus Target Price from Analysts

Del Taco Restaurants Inc (NASDAQ:TACO) has been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.14.

A number of equities analysts have issued reports on TACO shares. Maxim Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, September 26th. BidaskClub downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Friday, September 14th. TheStreet downgraded shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Monday, October 22nd. Dougherty & Co set a $17.00 price objective on shares of Del Taco Restaurants and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, ValuEngine raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th.

TACO traded down $0.04 during mid-day trading on Thursday, reaching $10.73. 139,622 shares of the stock were exchanged, compared to its average volume of 635,038. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24. The company has a market capitalization of $405.21 million, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.22 and a beta of 0.07. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.83.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $117.83 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. As a group, equities analysts anticipate that Del Taco Restaurants will post 0.56 EPS for the current year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Del Taco Restaurants in the 2nd quarter worth about $111,000. PEAK6 Investments LLC purchased a new position in shares of Del Taco Restaurants in the 3rd quarter worth about $128,000. Trexquant Investment LP purchased a new position in shares of Del Taco Restaurants in the 3rd quarter worth about $163,000. Bank of Montreal Can boosted its holdings in shares of Del Taco Restaurants by 6,440.5% in the 3rd quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock worth $170,000 after buying an additional 14,169 shares during the last quarter. Finally, Group One Trading L.P. boosted its holdings in shares of Del Taco Restaurants by 150.5% in the 3rd quarter. Group One Trading L.P. now owns 16,823 shares of the restaurant operator’s stock worth $199,000 after buying an additional 10,106 shares during the last quarter. 84.87% of the stock is currently owned by 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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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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