Analysts Set Del Taco Restaurants Inc (TACO) PT at $16.17

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Del Taco Restaurants Inc (NASDAQ:TACO) has been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.17.

A number of equities analysts have recently weighed in on the company. ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. BidaskClub upgraded Del Taco Restaurants from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 9th. Citigroup boosted their target price on Del Taco Restaurants from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Wedbush restated a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a research note on Friday, May 4th. Finally, Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd.

In related news, Director Eileen A. Aptman purchased 9,000 shares of the stock in a transaction that occurred on Friday, May 4th. The shares were bought at an average price of $11.26 per share, with a total value of $101,340.00. Following the acquisition, the director now owns 27,356 shares of the company’s stock, valued at approximately $308,028.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick Walsh purchased 45,000 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was bought at an average cost of $11.55 per share, for a total transaction of $519,750.00. Following the acquisition, the director now directly owns 31,866 shares in the company, valued at approximately $368,052.30. The disclosure for this purchase can be found here. Insiders purchased a total of 64,000 shares of company stock worth $735,390 in the last ninety days. 14.60% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of Del Taco Restaurants by 231.2% in the 1st quarter. Millennium Management LLC now owns 518,498 shares of the restaurant operator’s stock worth $5,372,000 after purchasing an additional 361,934 shares during the period. Barclays PLC raised its holdings in Del Taco Restaurants by 108.8% during the 1st quarter. Barclays PLC now owns 57,224 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 29,819 shares during the period. Cannell Capital LLC raised its holdings in Del Taco Restaurants by 25.5% during the 1st quarter. Cannell Capital LLC now owns 923,525 shares of the restaurant operator’s stock valued at $9,568,000 after acquiring an additional 187,417 shares during the period. Keeley Teton Advisors LLC raised its holdings in Del Taco Restaurants by 43.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 1,996,488 shares of the restaurant operator’s stock valued at $20,684,000 after acquiring an additional 603,909 shares during the period. Finally, Poehling Capital Management LLC bought a new stake in Del Taco Restaurants during the 1st quarter valued at $695,000. 79.34% of the stock is currently owned by institutional investors.

Shares of NASDAQ TACO traded up $0.05 during midday trading on Monday, reaching $14.01. The company’s stock had a trading volume of 5,181 shares, compared to its average volume of 293,884. Del Taco Restaurants has a 12-month low of $10.00 and a 12-month high of $15.99. The company has a market capitalization of $522.57 million, a PE ratio of 26.85, a PEG ratio of 1.44 and a beta of -0.01. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.41.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, May 3rd. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Del Taco Restaurants had a return on equity of 4.94% and a net margin of 10.21%. The business had revenue of $112.55 million during the quarter, compared to analysts’ expectations of $112.77 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Del Taco Restaurants’s quarterly revenue was up 6.8% on a year-over-year basis. research analysts expect that Del Taco Restaurants will post 0.6 EPS for the current fiscal year.

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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