Del Taco Restaurants (NASDAQ:TACO) had its target price hoisted by equities researchers at Jefferies Financial Group from $8.50 to $10.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Jefferies Financial Group’s price target points to a potential upside of 17.92% from the company’s previous close.

A number of other research firms have also commented on TACO. CL King initiated coverage on Del Taco Restaurants in a research report on Monday, August 24th. They set a “buy” rating on the stock. Wedbush increased their price target on Del Taco Restaurants from $9.75 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, August 26th. Piper Sandler increased their price objective on Del Taco Restaurants from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday. Finally, BidaskClub upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Del Taco Restaurants presently has a consensus rating of “Buy” and a consensus target price of $10.60.

Del Taco Restaurants stock traded up $0.34 during trading hours on Wednesday, hitting $8.48. The stock had a trading volume of 2,680 shares, compared to its average volume of 625,698. Del Taco Restaurants has a fifty-two week low of $2.45 and a fifty-two week high of $11.32. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 1.99. The company has a 50-day moving average of $8.17 and a two-hundred day moving average of $6.13. The company has a market cap of $303.83 million, a PE ratio of -1.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.76.

In related news, Director Lawrence F. Levy purchased 50,800 shares of Del Taco Restaurants stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of $8.38 per share, for a total transaction of $425,704.00. Following the transaction, the director now directly owns 275,777 shares of the company’s stock, valued at $2,311,011.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ari B. Levy purchased 23,760 shares of Del Taco Restaurants stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $7.45 per share, for a total transaction of $177,012.00. Following the completion of the transaction, the director now directly owns 349,216 shares in the company, valued at $2,601,659.20. The disclosure for this purchase can be found here. Insiders bought a total of 105,310 shares of company stock worth $829,255 over the last 90 days. 16.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in Del Taco Restaurants by 26.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,901 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,854 shares during the period. SG Americas Securities LLC purchased a new position in Del Taco Restaurants in the first quarter worth about $34,000. Aigen Investment Management LP raised its holdings in shares of Del Taco Restaurants by 3,474.0% during the second quarter. Aigen Investment Management LP now owns 10,722 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 10,422 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Del Taco Restaurants during the first quarter valued at approximately $37,000. Finally, Man Group plc purchased a new position in shares of Del Taco Restaurants during the second quarter valued at approximately $87,000. 67.28% of the stock is currently owned by institutional investors and hedge funds.

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 December 10, 2018, it operated approximately 560 restaurants across 14 states.

Featured Story: Why do companies issue convertible shares?

The Fly

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.