Media coverage about Del Taco Restaurants (NASDAQ:TACO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Del Taco Restaurants earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the restaurant operator an impact score of 45.5645367315163 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Del Taco Restaurants (NASDAQ TACO) traded down 0.39% during mid-day trading on Thursday, hitting $15.29. 109,228 shares of the stock traded hands. Del Taco Restaurants has a 12-month low of $11.58 and a 12-month high of $15.99. The stock has a 50 day moving average price of $14.66 and a 200 day moving average price of $13.51. The firm has a market cap of $591.51 million, a PE ratio of 26.92 and a beta of -0.20.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $107.08 million. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, analysts expect that Del Taco Restaurants will post $0.55 earnings per share for the current fiscal year.
Several research analysts have weighed in on TACO shares. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, August 1st. Maxim Group restated a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research report on Thursday, June 22nd. Wedbush restated a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Wednesday, September 13th. BTIG Research restated a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research report on Monday, September 25th. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Del Taco Restaurants in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.00.
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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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