Del Taco Restaurants (TACO) Stock Rating Upgraded by BidaskClub

Del Taco Restaurants (NASDAQ:TACO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently commented on the stock. Citigroup increased their price objective on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd. Wedbush reissued a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research note on Friday, May 4th. Finally, Maxim Group reissued a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Del Taco Restaurants in a research note on Thursday, March 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $15.57.

Shares of Del Taco Restaurants opened at $13.59 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $533.72 million, a PE ratio of 26.13, a P/E/G ratio of 1.47 and a beta of -0.01. Del Taco Restaurants has a 52-week low of $10.00 and a 52-week high of $15.99.

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

In other news, Director Patrick Walsh purchased 45,000 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were bought at an average cost of $11.55 per share, with a total value of $519,750.00. Following the purchase, the director now directly owns 31,866 shares of the company’s stock, valued at $368,052.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen A. Aptman purchased 9,000 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were purchased at an average cost of $11.26 per share, for a total transaction of $101,340.00. Following the completion of the purchase, the director now directly owns 27,356 shares in the company, valued at $308,028.56. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 64,000 shares of company stock worth $735,390. 14.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Del Taco Restaurants by 21.5% during the 1st quarter. BlackRock Inc. now owns 3,076,121 shares of the restaurant operator’s stock worth $31,868,000 after purchasing an additional 544,121 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Del Taco Restaurants by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,028,759 shares of the restaurant operator’s stock worth $31,378,000 after purchasing an additional 264,462 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Del Taco Restaurants by 81.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,408,992 shares of the restaurant operator’s stock worth $29,197,000 after purchasing an additional 1,084,844 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of 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 worth $20,684,000 after purchasing an additional 603,909 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Del Taco Restaurants by 5.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,898,459 shares of the restaurant operator’s stock worth $19,668,000 after purchasing an additional 96,146 shares during the last quarter. 79.34% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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