Del Taco Restaurants Inc. (NASDAQ:TACO) had its price target lifted by BTIG Research from $14.00 to $16.00 in a report released on Tuesday. BTIG Research currently has a buy rating on the stock.

Several other research firms have also recently commented on TACO. Citigroup Inc. boosted their target price on Del Taco Restaurants from $12.00 to $13.00 and gave the stock a buy rating in a research note on Tuesday, September 13th. Zacks Investment Research raised Del Taco Restaurants from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Saturday, July 23rd. Wedbush reissued an outperform rating and set a $15.00 target price on shares of Del Taco Restaurants in a research note on Saturday, September 3rd. Finally, Jefferies Group reissued a buy rating and set a $14.00 target price (down from $16.00) on shares of Del Taco Restaurants in a research note on Thursday, July 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $14.17.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

Shares of Del Taco Restaurants (NASDAQ:TACO) opened at 13.74 on Tuesday. The company has a market cap of $521.79 million, a P/E ratio of 33.93 and a beta of -0.01. The company’s 50-day moving average price is $11.66 and its 200-day moving average price is $10.19. Del Taco Restaurants has a 12 month low of $8.37 and a 12 month high of $14.25.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Monday, October 17th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Del Taco Restaurants had a return on equity of 4.79% and a net margin of 4.07%. The firm earned $104.42 million during the quarter, compared to analysts’ expectations of $101.61 million. Del Taco Restaurants’s revenue was up 27.3% compared to the same quarter last year. Equities analysts forecast that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.

In other news, SVP David Pear sold 6,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $10.55, for a total transaction of $63,300.00. Following the completion of the transaction, the senior vice president now directly owns 125,080 shares of the company’s stock, valued at approximately $1,319,594. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 36.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Del Taco Restaurants by 3.4% in the second quarter. FMR LLC now owns 2,618,200 shares of the company’s stock valued at $23,826,000 after buying an additional 86,000 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Del Taco Restaurants by 594.1% in the second quarter. Frontier Capital Management Co. LLC now owns 1,459,099 shares of the company’s stock valued at $13,278,000 after buying an additional 1,248,898 shares in the last quarter. Vanguard Group Inc. boosted its position in Del Taco Restaurants by 7.1% in the second quarter. Vanguard Group Inc. now owns 1,077,278 shares of the company’s stock valued at $9,803,000 after buying an additional 71,226 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in Del Taco Restaurants by 19.0% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 864,700 shares of the company’s stock valued at $7,868,000 after buying an additional 137,850 shares in the last quarter. Finally, Keeley Asset Management Corp boosted its position in Del Taco Restaurants by 22.3% in the second quarter. Keeley Asset Management Corp now owns 825,467 shares of the company’s stock valued at $7,512,000 after buying an additional 150,737 shares in the last quarter. 63.12% of the stock is owned by institutional investors and hedge funds.

About Del Taco Restaurants

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.

5 Day Chart for NASDAQ:TACO

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