Del Taco Restaurants Inc. (NASDAQ:TACO) shares saw strong trading volume on Wednesday . 412,323 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 471,387 shares.The stock last traded at $9.47 and had previously closed at $9.64.

A number of analysts have weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Jefferies Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 20th. Finally, Wedbush reduced their price target on Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.36.

The firm has a market capitalization of $363.71 million and a price-to-earnings ratio of 23.51. The firm has a 50-day moving average of $9.15 and a 200-day moving average of $9.71.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $97.40 million for the quarter, compared to analyst estimates of $96.09 million. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts forecast 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 boosted its position in Del Taco Restaurants Inc. (NASDAQ:TACO) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

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