Del Taco Restaurants Inc. (NASDAQ:TACO) traded down 2.5% during trading on Friday . The company traded as low as $10.59 and last traded at $10.73, with a volume of 342,397 shares traded. The stock had previously closed at $11.00.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Saturday. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Del Taco Restaurants in a research note on Thursday. Finally, Wedbush reduced their target price on shares of Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Del Taco Restaurants has an average rating of “Buy” and an average price target of $14.79.

The stock has a market cap of $413.63 million and a price-to-earnings ratio of 26.32. The firm’s 50 day moving average price is $9.28 and its 200 day moving average price is $9.69.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company earned $100 million during the quarter, compared to analyst estimates of $100.06 million. The firm’s revenue was up 2.5% compared to the same quarter last year. 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 increased its position in shares of Del Taco Restaurants Inc. (NASDAQ:TACO) by 50.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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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