Shares of Del Taco Restaurants Inc. (NASDAQ:TACO) have received a consensus recommendation of “Buy” from the six brokerages that are covering the company. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $15.50.

Several research analysts have recently weighed in on TACO shares. Citigroup Inc. upped their price target on shares of Del Taco Restaurants from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Wedbush restated an “outperform” rating and set a $15.00 target price on shares of Del Taco Restaurants in a report on Saturday, September 3rd. Jefferies Group restated a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Del Taco Restaurants in a report on Friday, October 21st. BTIG Research increased their target price on shares of Del Taco Restaurants from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 18th. Finally, Zacks Investment Research cut shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, October 20th.

Del Taco Restaurants (NASDAQ:TACO) opened at 14.76 on Friday. The company has a 50-day moving average of $13.32 and a 200 day moving average of $10.98. Del Taco Restaurants has a one year low of $8.37 and a one year high of $14.94. The company has a market cap of $581.03 million, a P/E ratio of 34.25 and a beta of -0.11.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, October 17th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm earned $104.42 million during the quarter, compared to analysts’ expectations of $101.61 million. Del Taco Restaurants had a net margin of 4.07% and a return on equity of 4.78%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts predict that Del Taco Restaurants will post $0.55 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new position in Del Taco Restaurants during the third quarter worth approximately $106,000. Moors & Cabot Inc. acquired a new position in Del Taco Restaurants during the third quarter worth approximately $133,000. BlackRock Group LTD raised its position in Del Taco Restaurants by 8.6% in the third quarter. BlackRock Group LTD now owns 11,448 shares of the company’s stock worth $137,000 after buying an additional 909 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in Del Taco Restaurants during the second quarter worth approximately $110,000. Finally, American International Group Inc. purchased a new stake in shares of Del Taco Restaurants during the second quarter worth about $121,000. 64.80% of the stock is currently owned by institutional investors and hedge funds.

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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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