Del Taco Restaurants, Inc. (NASDAQ:TACO) Receives Average Rating of “Buy” from Brokerages

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.00.

TACO has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $14.00 price objective on shares of Del Taco Restaurants in a research report on Tuesday, July 13th. TheStreet upgraded Del Taco Restaurants from a “d+” rating to a “c” rating in a research report on Thursday, July 22nd.

Several hedge funds have recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Del Taco Restaurants by 5.0% in the second quarter. Citigroup Inc. now owns 26,841 shares of the restaurant operator’s stock valued at $269,000 after buying an additional 1,274 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Del Taco Restaurants by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,169 shares of the restaurant operator’s stock valued at $202,000 after buying an additional 1,728 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Del Taco Restaurants during the 1st quarter valued at approximately $25,000. Lazard Asset Management LLC acquired a new stake in Del Taco Restaurants during the 2nd quarter valued at approximately $27,000. Finally, AdvisorShares Investments LLC grew its stake in Del Taco Restaurants by 10.0% during the 1st quarter. AdvisorShares Investments LLC now owns 49,279 shares of the restaurant operator’s stock valued at $472,000 after purchasing an additional 4,480 shares in the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

Del Taco Restaurants stock traded up $0.08 during trading hours on Friday, hitting $8.64. The stock had a trading volume of 1,277 shares, compared to its average volume of 279,452. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.20. The stock has a market capitalization of $314.43 million, a price-to-earnings ratio of 14.76, a PEG ratio of 1.18 and a beta of 2.06. Del Taco Restaurants has a 1-year low of $7.23 and a 1-year high of $11.99. The stock’s fifty day moving average is $8.78 and its two-hundred day moving average is $9.88.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Thursday, July 22nd. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Del Taco Restaurants had a return on equity of 10.39% and a net margin of 4.24%. The business had revenue of $124.97 million for the quarter, compared to the consensus estimate of $122.79 million. As a group, sell-side analysts anticipate that Del Taco Restaurants will post 0.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 25th. Stockholders of record on Wednesday, August 11th were paid a $0.04 dividend. The ex-dividend date was Tuesday, August 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.85%. Del Taco Restaurants’s dividend payout ratio (DPR) is currently 44.44%.

About Del Taco Restaurants

Del Taco Restaurants, Inc engages in developing, franchising, owning, and operating dining place. It features made-to-order cuisine both Mexican inspired and American classic dishes. Its menu includes tacos and burritos, Double Del cheeseburgers, crinkle-cut fries, and milkshakes. The company was founded by Ed Hackbarth and David Jameson in 1964 and is headquartered in Lake Forest, CA.

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