BidaskClub upgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a sell rating to a hold rating in a research note released on Thursday.

Several other research analysts have also recently weighed in on TACO. Zacks Investment Research cut Del Taco Restaurants from a buy rating to a hold rating in a research report on Saturday, May 12th. ValuEngine upgraded Del Taco Restaurants from a sell rating to a hold rating in a research report on Tuesday, June 5th. Citigroup increased their price objective on Del Taco Restaurants from $13.00 to $16.00 and gave the stock a buy rating in a research report on Thursday, June 21st. Dougherty & Co increased their price objective on Del Taco Restaurants from $16.50 to $18.50 and gave the stock a buy rating in a research report on Friday, July 6th. Finally, TheStreet upgraded Del Taco Restaurants from a c+ rating to a b- rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $16.06.

TACO traded up $0.03 during trading hours on Thursday, reaching $12.71. The company’s stock had a trading volume of 985 shares, compared to its average volume of 144,958. Del Taco Restaurants has a 52 week low of $10.00 and a 52 week high of $15.99. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $494.45 million, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.36 and a beta of -0.09.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The business had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.97 million. During the same quarter in the prior year, the business earned $0.13 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. equities analysts forecast that Del Taco Restaurants will post 0.6 earnings per share for the current year.

In other Del Taco Restaurants news, CEO John D. Jr. Cappasola sold 7,500 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.98, for a total transaction of $104,850.00. Following the transaction, the chief executive officer now owns 506,031 shares in the company, valued at approximately $7,074,313.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. increased its position in Del Taco Restaurants by 97.1% during the 1st quarter. Prudential Financial Inc. now owns 186,560 shares of the restaurant operator’s stock worth $1,933,000 after buying an additional 91,900 shares during the period. Emerald Advisers Inc. PA acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $3,344,000. Dimensional Fund Advisors LP grew its holdings in shares of Del Taco Restaurants by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,028,759 shares of the restaurant operator’s stock worth $31,378,000 after purchasing an additional 264,462 shares in the last quarter. Boston Partners grew its holdings in shares of Del Taco Restaurants by 1.0% during the 2nd quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock worth $5,700,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $1,113,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

Further Reading: Fundamental Analysis – How It Helps Investors

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.