Del Taco Restaurants Inc. (NASDAQ:TACO) rose 2.3% during trading on Monday . The stock traded as high as $10.96 and last traded at $10.90, with a volume of 478,651 shares. The stock had previously closed at $10.66.

TACO has been the subject of several recent analyst reports. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. 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 note on Tuesday, May 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Del Taco Restaurants in a research note on Friday, May 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.79.

The company’s 50 day moving average price is $9.33 and its 200 day moving average price is $9.69. The stock has a market capitalization of $423.33 million and a PE ratio of 26.94.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $100 million for 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. Equities analysts expect that Del Taco Restaurants Inc. will post $0.55 EPS for the current fiscal year.

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