A number of other research analysts have also issued reports on TACO. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Maxim Group reaffirmed a “buy” rating and issued a $60.00 price target on shares of Otter Tail in a research note on Tuesday, May 7th. Finally, ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.14.
Del Taco Restaurants stock opened at $12.84 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.28 and a quick ratio of 0.24. The firm’s 50-day moving average price is $11.80. The firm has a market cap of $472.18 million, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.25. Del Taco Restaurants has a 52-week low of $9.45 and a 52-week high of $14.46.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $114.22 million. Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. Research analysts anticipate that Del Taco Restaurants will post 0.5 earnings per share for the current year.
In other news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $11.85, for a total value of $159,975.00. Following the completion of the sale, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at approximately $1,400,788.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC lifted its stake in shares of Del Taco Restaurants by 2.7% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,195,800 shares of the restaurant operator’s stock worth $22,090,000 after acquiring an additional 57,543 shares during the period. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Del Taco Restaurants by 0.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 868,159 shares of the restaurant operator’s stock worth $8,734,000 after purchasing an additional 6,300 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of Del Taco Restaurants by 0.5% in the 1st quarter. Emerald Advisers LLC now owns 860,896 shares of the restaurant operator’s stock worth $8,661,000 after purchasing an additional 4,150 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its holdings in shares of Del Taco Restaurants by 0.7% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 700,529 shares of the restaurant operator’s stock worth $7,047,000 after purchasing an additional 5,194 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Del Taco Restaurants by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 384,048 shares of the restaurant operator’s stock worth $3,836,000 after purchasing an additional 16,208 shares in the last quarter. 80.14% of the stock is owned by institutional investors.
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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