Del Taco Restaurants (TACO) Earns “Buy” Rating from Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of Del Taco Restaurants (NASDAQ:TACO) in a research report report published on Friday morning. The brokerage currently has a $15.00 target price on the restaurant operator’s stock. Jefferies Group also issued estimates for Del Taco Restaurants’ FY2019 earnings at $0.65 EPS.
A number of other research firms have also weighed in on TACO. Zacks Investment Research raised Del Taco Restaurants from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Saturday, September 16th. TheStreet downgraded Del Taco Restaurants from a b- rating to a c+ rating in a research note on Friday, October 20th. Maxim Group reiterated a buy rating and set a $19.00 target price on shares of Del Taco Restaurants in a research note on Friday, October 20th. Finally, BTIG Research reiterated a buy rating and set a $19.00 target price on shares of Del Taco Restaurants in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $16.67.
Del Taco Restaurants (NASDAQ TACO) opened at $12.10 on Friday. Del Taco Restaurants has a 52-week low of $11.58 and a 52-week high of $15.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.24. The stock has a market capitalization of $468.38, a P/E ratio of 21.61, a PEG ratio of 1.34 and a beta of -0.29.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The company had revenue of $110.99 million during the quarter, compared to analyst estimates of $110.46 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts expect that Del Taco Restaurants will post 0.54 earnings per share for the current fiscal year.
In other news, SVP David Pear sold 9,260 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $12.25, for a total value of $113,435.00. Following the transaction, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lawrence F. Levy purchased 200,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was purchased at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the completion of the purchase, the director now owns 18,356 shares in the company, valued at $230,184.24. The disclosure for this purchase can be found here. Company insiders own 14.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Del Taco Restaurants by 45.5% during the first quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 8,207 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Del Taco Restaurants by 777.6% during the second quarter. Goldman Sachs Group Inc. now owns 252,148 shares of the restaurant operator’s stock valued at $3,467,000 after acquiring an additional 223,417 shares during the period. BlueCrest Capital Management Ltd bought a new stake in Del Taco Restaurants during the second quarter valued at about $319,000. Rothschild Investment Corp IL raised its holdings in Del Taco Restaurants by 22.7% during the third quarter. Rothschild Investment Corp IL now owns 64,325 shares of the restaurant operator’s stock valued at $987,000 after acquiring an additional 11,900 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in Del Taco Restaurants by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,892,950 shares of the restaurant operator’s stock valued at $29,038,000 after acquiring an additional 40,230 shares during the period. Institutional investors own 81.39% of the company’s stock.
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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.
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