Del Taco Restaurants (NASDAQ:TACO) PT Raised to $10.00
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.
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.
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