Del Taco Restaurants Inc. (TACO) Stock Price Down 2.2%
Del Taco Restaurants Inc. (NASDAQ:TACO)’s share price dropped 2.2% on Friday . The stock traded as low as $10.73 and last traded at $10.74, with a volume of 157,154 shares traded. The stock had previously closed at $10.98.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. 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. 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Del Taco Restaurants has an average rating of “Buy” and a consensus target price of $14.79.
The company has a market capitalization of $409.00 million and a price-to-earnings ratio of 26.59. The firm’s 50 day moving average price is $9.82 and its 200 day moving average price is $9.75.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $100 million for the quarter, compared to analyst estimates of $100.06 million. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Del Taco Restaurants Inc. will post $0.55 EPS for the current year.
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.