Del Taco Restaurants Inc. (TACO) Trading Down 1.4%
Shares of Del Taco Restaurants Inc. (NASDAQ:TACO) traded down 1.4% on Wednesday . The stock traded as low as $8.83 and last traded at $8.91, with a volume of 103,090 shares traded. The stock had previously closed at $9.04.
Several equities analysts recently issued reports on TACO shares. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Wedbush lowered their price objective on Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, March 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $15.36.
The firm’s 50-day moving average is $9.15 and its 200-day moving average is $9.75. The stock has a market cap of $340.41 million and a PE ratio of 22.00.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Monday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $96.09 million. The business’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Del Taco Restaurants Inc. will post $0.55 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Del Taco Restaurants stock. Russell Frank Co raised its position in shares of Del Taco Restaurants Inc. (NASDAQ:TACO) by 50.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 395,907 shares of the company’s stock after buying an additional 132,440 shares during the period. Russell Frank Co owned about 1.02% of Del Taco Restaurants worth $4,331,000 as of its most recent SEC filing.
Del Taco Restaurants, Inc, formerly Levy Acquisition Corporation, is an operator and franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The Company operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam.
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