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.
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.
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