Del Taco Restaurants (NASDAQ:TACO) had its price objective lifted by Piper Sandler from $7.00 to $8.00 in a research report sent to investors on Monday morning, The Fly reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock. Piper Sandler also issued estimates for Del Taco Restaurants’ FY2022 earnings at $0.36 EPS.

TACO has been the topic of several other reports. BidaskClub raised shares of Del Taco Restaurants from a hold rating to a buy rating in a report on Saturday, July 25th. Wedbush lifted their price objective on shares of Del Taco Restaurants from $9.75 to $11.00 and gave the company an outperform rating in a report on Friday, July 24th. CL King initiated coverage on shares of Del Taco Restaurants in a report on Monday, August 24th. They set a buy rating on the stock. Zacks Investment Research raised shares of Del Taco Restaurants from a hold rating to a buy rating and set a $10.00 price objective on the stock in a report on Wednesday, August 26th. Finally, ValuEngine lowered shares of Del Taco Restaurants from a buy rating to a hold rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $11.00.

Shares of NASDAQ:TACO opened at $8.30 on Monday. The firm has a market cap of $309.80 million, a PE ratio of -1.37, a price-to-earnings-growth ratio of 2.21 and a beta of 1.76. The firm’s 50 day simple moving average is $8.19 and its 200-day simple moving average is $6.14. Del Taco Restaurants has a one year low of $2.45 and a one year high of $10.88. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.24 and a current ratio of 0.27.

In other news, Director Lawrence F. Levy purchased 50,800 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $8.38 per share, with a total value of $425,704.00. Following the completion of the acquisition, the director now owns 275,777 shares of the company’s stock, valued at $2,311,011.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ari B. Levy purchased 16,750 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of $7.29 per share, for a total transaction of $122,107.50. Following the completion of the acquisition, the director now directly owns 325,456 shares of the company’s stock, valued at approximately $2,372,574.24. The disclosure for this purchase can be found here. Insiders acquired 105,310 shares of company stock worth $829,255 over the last ninety days. Corporate insiders own 16.50% of the company’s stock.

Several large investors have recently bought and sold shares of TACO. Russell Investments Group Ltd. lifted its stake in shares of Del Taco Restaurants by 27.7% during the first quarter. Russell Investments Group Ltd. now owns 3,944,294 shares of the restaurant operator’s stock worth $13,526,000 after buying an additional 856,254 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Del Taco Restaurants by 2,086.7% during the first quarter. Parametric Portfolio Associates LLC now owns 473,023 shares of the restaurant operator’s stock worth $1,622,000 after buying an additional 451,391 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Del Taco Restaurants during the second quarter worth $2,496,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Del Taco Restaurants during the second quarter worth $1,552,000. Finally, UBS Group AG lifted its stake in shares of Del Taco Restaurants by 55.6% during the first quarter. UBS Group AG now owns 586,987 shares of the restaurant operator’s stock worth $2,013,000 after buying an additional 209,828 shares during the period. Institutional investors and hedge funds own 67.28% of the company’s stock.

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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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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