Del Taco Restaurants Inc (NASDAQ:TACO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.01, but opened at $12.13. Del Taco Restaurants shares last traded at $12.27, with a volume of 28,126 shares trading hands.
A number of research firms recently weighed in on TACO. Maxim Group reiterated a “buy” rating on shares of Del Taco Restaurants in a research report on Wednesday. BidaskClub lowered Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, ValuEngine upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.17.
The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88. The company has a market cap of $456.38 million, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.25. The firm’s 50-day simple moving average is $12.37.
In related news, SVP David Pear sold 13,500 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total value of $159,975.00. Following the completion of the transaction, the senior vice president now owns 118,210 shares in the company, valued at approximately $1,400,788.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TACO. Quantamental Technologies LLC acquired a new stake in Del Taco Restaurants during the 1st quarter worth about $42,000. Legal & General Group Plc lifted its holdings in shares of Del Taco Restaurants by 24.1% during the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 1,145 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter valued at about $61,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Del Taco Restaurants by 412.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,380 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 5,136 shares during the last quarter. Finally, Alta Capital Management LLC acquired a new stake in shares of Del Taco Restaurants during the 1st quarter valued at about $109,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
About Del Taco Restaurants (NASDAQ:TACO)
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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