Del Taco Restaurants (TACO) Stock Rating Reaffirmed by Jefferies Group

Del Taco Restaurants (NASDAQ:TACO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group in a research report issued on Friday. They currently have a $15.00 price target on the restaurant operator’s stock. Jefferies Group’s target price would suggest a potential upside of 23.97% from the stock’s previous close.

A number of other research firms have also recently issued reports on TACO. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Saturday, September 16th. TheStreet cut shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Friday, October 20th. Maxim Group reissued a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Friday, October 20th. Finally, BTIG Research reissued a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.

Del Taco Restaurants (NASDAQ TACO) traded up $0.01 during trading on Friday, reaching $12.10. 210,500 shares of the company were exchanged, compared to its average volume of 376,864. Del Taco Restaurants has a 1 year low of $11.58 and a 1 year high of $15.99. The firm has a market cap of $467.22, a PE ratio of 21.61, a P/E/G ratio of 1.34 and a beta of -0.29. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The firm had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts predict that Del Taco Restaurants will post 0.54 EPS for the current fiscal year.

In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $12.25, for a total value of $113,435.00. Following the transaction, the senior vice president now owns 115,412 shares in the company, valued at approximately $1,413,797. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence F. Levy acquired 200,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was purchased at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the acquisition, the director now directly owns 18,356 shares in the company, valued at approximately $230,184.24. The disclosure for this purchase can be found here. Company insiders own 14.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Del Taco Restaurants by 11.1% during the 2nd quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock worth $64,421,000 after acquiring an additional 467,077 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Del Taco Restaurants by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,964 shares of the restaurant operator’s stock worth $35,113,000 after acquiring an additional 345,199 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of Del Taco Restaurants by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,892,950 shares of the restaurant operator’s stock worth $29,038,000 after acquiring an additional 40,230 shares during the period. Vanguard Group Inc. raised its holdings in shares of Del Taco Restaurants by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock worth $18,854,000 after acquiring an additional 137,941 shares during the period. Finally, Peregrine Capital Management LLC raised its holdings in shares of Del Taco Restaurants by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,225,447 shares of the restaurant operator’s stock worth $18,798,000 after acquiring an additional 41,685 shares during the period. Institutional investors own 81.39% 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.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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