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.