Del Taco Restaurants Inc. (NASDAQ:TACO) traded up 4.7% on Monday . The stock traded as high as $9.44 and last traded at $9.43, with a volume of 224,911 shares traded. The stock had previously closed at $9.01.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Jefferies Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a report on Friday, May 20th. Finally, Wedbush decreased their target price on Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Del Taco Restaurants currently has a consensus rating of “Buy” and an average target price of $15.36.

The firm’s 50-day moving average price is $9.13 and its 200-day moving average price is $9.73. The company has a market capitalization of $361.80 million and a P/E ratio of 23.38.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $97.40 million for the quarter, compared to the consensus estimate of $96.09 million. Del Taco Restaurants’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Del Taco Restaurants Inc. will post $0.55 earnings per share for the current year.

A hedge fund recently raised its stake in Del Taco Restaurants stock. Russell Frank Co increased its stake in Del Taco Restaurants Inc. (NASDAQ:TACO) by 50.3% during the fourth quarter, according to its most recent filing with the SEC. 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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