Del Taco Restaurants (NASDAQ:TACO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $12.00 price target on the restaurant operator’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.19% from the company’s current price.
According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
Several other equities analysts also recently commented on the company. ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BidaskClub downgraded Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 20th. Maxim Group restated a “buy” rating and set a $19.00 target price (down previously from $20.00) on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Wedbush restated a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Finally, Jefferies Group restated a “buy” rating and set a $15.00 target price on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Del Taco Restaurants currently has an average rating of “Hold” and a consensus target price of $15.50.
Shares of Del Taco Restaurants stock traded up $0.09 during midday trading on Wednesday, hitting $10.99. 172,520 shares of the company were exchanged, compared to its average volume of 312,068. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.31. The company has a market capitalization of $418.29, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.13 and a beta of -0.02. Del Taco Restaurants has a 52 week low of $10.15 and a 52 week high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $146.50 million for the quarter, compared to the consensus estimate of $147.35 million. Del Taco Restaurants had a return on equity of 5.35% and a net margin of 10.58%. Del Taco Restaurants’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. equities analysts anticipate that Del Taco Restaurants will post 0.61 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Del Taco Restaurants in the 3rd quarter valued at $131,000. Jane Street Group LLC bought a new position in Del Taco Restaurants in the 3rd quarter valued at $158,000. Metropolitan Life Insurance Co. NY bought a new position in Del Taco Restaurants in the 4th quarter valued at $136,000. Teacher Retirement System of Texas bought a new position in Del Taco Restaurants in the 4th quarter valued at $146,000. Finally, MetLife Investment Advisors LLC bought a new position in Del Taco Restaurants in the 4th quarter valued at $196,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
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Del Taco Restaurants Company Profile
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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