Del Taco Restaurants (NASDAQ:TACO) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday, August 23rd.

A number of other equities research analysts also recently commented on TACO. ValuEngine upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Saturday, July 7th. Citigroup increased their price target on Del Taco Restaurants from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Wedbush restated a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a report on Friday, May 4th. Finally, TheStreet upgraded Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $16.06.

Del Taco Restaurants stock opened at $12.67 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 52 week low of $10.00 and a 52 week high of $15.99. The firm has a market capitalization of $494.45 million, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.36 and a beta of -0.09.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The business had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.97 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. research analysts anticipate that Del Taco Restaurants will post 0.6 earnings per share for the current year.

In other news, CEO John D. Jr. Cappasola sold 7,500 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $13.98, for a total transaction of $104,850.00. Following the transaction, the chief executive officer now owns 506,031 shares in the company, valued at $7,074,313.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 14.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,213,866 shares of the restaurant operator’s stock valued at $45,572,000 after purchasing an additional 185,107 shares during the last quarter. BlackRock Inc. increased its stake in shares of Del Taco Restaurants by 21.5% in the 1st quarter. BlackRock Inc. now owns 3,076,121 shares of the restaurant operator’s stock valued at $31,868,000 after purchasing an additional 544,121 shares during the last quarter. Keeley Teton Advisors LLC increased its stake in shares of Del Taco Restaurants by 43.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 1,996,488 shares of the restaurant operator’s stock valued at $20,684,000 after purchasing an additional 603,909 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Del Taco Restaurants by 5.3% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,898,459 shares of the restaurant operator’s stock valued at $19,668,000 after purchasing an additional 96,146 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Del Taco Restaurants by 23.7% during the 2nd quarter. Royce & Associates LP now owns 1,452,863 shares of the restaurant operator’s stock valued at $20,602,000 after acquiring an additional 278,300 shares in the last quarter. Institutional investors own 77.68% of the company’s stock.

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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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