Del Taco Restaurants (TACO) Given “Buy” Rating at Maxim Group

Del Taco Restaurants (NASDAQ:TACO)‘s stock had its “buy” rating reiterated by Maxim Group in a report issued on Wednesday.

TACO has been the topic of a number of other research reports. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. BidaskClub lowered Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. TheStreet lowered Del Taco Restaurants from a “b-” rating to a “c+” rating in a research report on Monday, October 22nd. BTIG Research lowered Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Wednesday, October 17th. Finally, Dougherty & Co set a $17.00 price target on Del Taco Restaurants and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.71.

Shares of Del Taco Restaurants stock opened at $10.55 on Wednesday. Del Taco Restaurants has a 52-week low of $9.45 and a 52-week high of $14.83. The company has a market capitalization of $413.89 million, a P/E ratio of 20.33, a PEG ratio of 1.20 and a beta of 0.18. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. The business had revenue of $117.83 million for the quarter, compared to analyst estimates of $119.84 million. During the same quarter last year, the firm earned $0.13 EPS. Del Taco Restaurants’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that Del Taco Restaurants will post 0.56 earnings per share for the current year.

In other Del Taco Restaurants news, SVP David Pear sold 5,982 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $10.15, for a total transaction of $60,717.30. Following the transaction, the senior vice president now owns 131,710 shares of the company’s stock, valued at approximately $1,336,856.50. 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 insiders.

Several hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its holdings in shares of Del Taco Restaurants by 23.1% during the 4th quarter. North Star Investment Management Corp. now owns 245,400 shares of the restaurant operator’s stock worth $2,452,000 after acquiring an additional 46,000 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Del Taco Restaurants by 5.0% during the 3rd quarter. Vanguard Group Inc now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after acquiring an additional 71,602 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Del Taco Restaurants by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after acquiring an additional 71,602 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Del Taco Restaurants by 10.7% during the 3rd quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock worth $771,000 after acquiring an additional 6,301 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Del Taco Restaurants by 199.5% during the 3rd quarter. AQR Capital Management LLC now owns 105,998 shares of the restaurant operator’s stock worth $1,252,000 after acquiring an additional 70,604 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors and hedge funds.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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