Del Taco Restaurants Inc (TACO) Given Average Recommendation of “Hold” by Brokerages

Del Taco Restaurants Inc (NASDAQ:TACO) has received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment 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 issued ratings on the stock in the last year is $16.40.

A number of research firms recently commented on TACO. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Wedbush reiterated a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a report on Tuesday, January 9th. Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Del Taco Restaurants in a report on Monday, January 8th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Jefferies Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a report on Friday, December 22nd.

In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $12.25, for a total transaction of $113,435.00. Following the transaction, the senior vice president now directly owns 115,412 shares in the company, valued at $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its stake in Del Taco Restaurants by 0.8% during the second quarter. Macquarie Group Ltd. now owns 100,182 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 761 shares in the last quarter. Swiss National Bank lifted its stake in Del Taco Restaurants by 8.9% during the fourth quarter. Swiss National Bank now owns 61,200 shares of the restaurant operator’s stock worth $742,000 after purchasing an additional 5,000 shares in the last quarter. Tygh Capital Management Inc. lifted its stake in Del Taco Restaurants by 2.7% during the fourth quarter. Tygh Capital Management Inc. now owns 264,376 shares of the restaurant operator’s stock worth $3,204,000 after purchasing an additional 6,979 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Del Taco Restaurants by 43.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,872 shares of the restaurant operator’s stock worth $356,000 after purchasing an additional 7,802 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Del Taco Restaurants during the third quarter worth $131,000. Institutional investors own 71.88% of the company’s stock.

Del Taco Restaurants (NASDAQ:TACO) opened at $12.53 on Tuesday. Del Taco Restaurants has a twelve month low of $11.58 and a twelve month high of $15.99. The company has a market capitalization of $484.63, a P/E ratio of 22.38, a P/E/G ratio of 1.32 and a beta of -0.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.24.

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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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