Del Taco Restaurants Inc. (TACO) Shares Down 2.2%
Del Taco Restaurants Inc. (NASDAQ:TACO) shares fell 2.2% on Friday . The company traded as low as $10.73 and last traded at $10.74, with a volume of 157,154 shares trading hands. The stock had previously closed at $10.98.
A number of brokerages recently weighed in on TACO. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Wedbush decreased their price target 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 issued a $14.00 price target (down from $16.00) on shares of Del Taco Restaurants in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Del Taco Restaurants has a consensus rating of “Buy” and an average price target of $14.79.
The company’s 50 day moving average price is $9.87 and its 200-day moving average price is $9.76. The firm has a market capitalization of $409.00 million and a P/E ratio of 26.59.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business earned $100 million during the quarter, compared to analyst estimates of $100.06 million. The business’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Del Taco Restaurants Inc. will post $0.55 earnings per share 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.
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