Shares of Del Taco Restaurants Inc. (NASDAQ:TACO) shot up 4.7% during mid-day trading on Monday . The company traded as high as $9.44 and last traded at $9.43, with a volume of 224,911 shares traded. The stock had previously closed at $9.01.

A number of brokerages have recently issued reports on TACO. Zacks Investment Research lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Wedbush dropped their target price on Del Taco Restaurants from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report 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 report on Friday, May 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $15.36.

The company’s 50-day moving average price is $9.15 and its 200 day moving average price is $9.71. The company has a market capitalization of $366.77 million and a P/E ratio of 23.70.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The business earned $97.40 million during the quarter, compared to the consensus estimate of $96.09 million. The company’s revenue was up 3.2% compared to the same quarter last year. Analysts predict that Del Taco Restaurants Inc. will post $0.55 EPS for the current year.

An institutional investor recently raised its position 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 Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

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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