Del Taco Restaurants, Inc. (TACO) Rating Reiterated by Maxim Group

Maxim Group reiterated their buy rating on shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) in a research report released on Wednesday morning. They currently have a $19.00 target price on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on TACO. Zacks Investment Research lowered Del Taco Restaurants from a buy rating to a hold rating in a research note on Thursday, July 6th. BidaskClub lowered Del Taco Restaurants from a buy rating to a hold rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a hold rating and set a $13.00 price target on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $17.00.

Shares of Del Taco Restaurants (NASDAQ TACO) traded up 1.28% during mid-day trading on Wednesday, reaching $15.80. The company’s stock had a trading volume of 401,726 shares. The company has a market cap of $611.24 million, a PE ratio of 27.82 and a beta of -0.20. Del Taco Restaurants has a 52-week low of $11.58 and a 52-week high of $15.99. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $13.44.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts expect that Del Taco Restaurants will post $0.55 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Del Taco Restaurants by 45.5% during the 1st quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock worth $348,000 after acquiring an additional 8,207 shares during the last quarter. FMR LLC lifted its stake in shares of Del Taco Restaurants by 21.6% during the 1st quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock worth $55,932,000 after acquiring an additional 749,348 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Del Taco Restaurants by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock worth $16,354,000 after acquiring an additional 81,525 shares during the last quarter. Tygh Capital Management Inc. lifted its stake in shares of Del Taco Restaurants by 8.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 425,780 shares of the restaurant operator’s stock worth $5,854,000 after acquiring an additional 34,517 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Del Taco Restaurants by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock worth $345,000 after acquiring an additional 200 shares during the last quarter. 69.94% of the stock is owned by hedge funds and other institutional investors.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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