Del Taco Restaurants Inc. (TACO) Trading Up 0.3%
Del Taco Restaurants Inc. (NASDAQ:TACO)’s share price was up 0.3% during trading on Tuesday . The company traded as high as $10.00 and last traded at $9.80, with a volume of 250,271 shares traded. The stock had previously closed at $9.77.
Several brokerages recently issued reports on TACO. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Jefferies Group reissued a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a report on Friday, May 20th. Finally, Wedbush cut their price objective on shares of Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.36.
The stock has a market capitalization of $416.05 million and a P/E ratio of 26.89. The firm’s 50 day moving average is $9.20 and its 200 day moving average is $9.68.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm earned $100 million during the quarter, compared to analyst estimates of $100.06 million. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Del Taco Restaurants Inc. will post $0.55 EPS for the current year.
An institutional investor recently raised its position 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 Securities and Exchange Commission (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 approximately 1.02% of Del Taco Restaurants worth $4,331,000 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.