Del Taco Restaurants Inc. (TACO) Stock Price Up 3.4%
Del Taco Restaurants Inc. (NASDAQ:TACO) shares rose 3.4% during trading on Wednesday . The company traded as high as $10.83 and last traded at $10.80, with a volume of 1,017,582 shares traded. The stock had previously closed at $10.44.
TACO has been the topic of a number of research reports. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, July 23rd. Jefferies Group restated a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a research note on Friday, May 20th. Finally, Wedbush decreased their price target on 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Del Taco Restaurants presently has an average rating of “Buy” and an average price target of $14.79.
The company has a market cap of $410.14 million and a price-to-earnings ratio of 26.67. The stock’s 50 day moving average is $9.76 and its 200 day moving average is $9.74.
Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business’s quarterly 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.
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