Del Taco Restaurants (TACO) Given Daily Media Sentiment Score of 0.27

News articles about Del Taco Restaurants (NASDAQ:TACO) have trended positive recently, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Del Taco Restaurants earned a coverage optimism score of 0.27 on Alpha One’s scale. Alpha One also gave press coverage about the restaurant operator an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Alpha One’s analysis:

Insider Buying and Selling by Quarter for Del Taco Restaurants (NASDAQ:TACO)

Several research firms have recently weighed in on TACO. Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research note on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a report on Friday, May 5th. Piper Jaffray Companies cut their price objective on shares of Del Taco Restaurants from $14.00 to $13.00 and set an “in-line” rating on the stock in a report on Tuesday, March 14th. Finally, Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Del Taco Restaurants (NASDAQ:TACO) traded up 0.59% during midday trading on Friday, hitting $13.61. 315,343 shares of the stock traded hands. The company has a 50-day moving average price of $13.21 and a 200 day moving average price of $13.49. Del Taco Restaurants has a one year low of $8.43 and a one year high of $15.32. The stock has a market cap of $524.23 million, a price-to-earnings ratio of 24.84 and a beta of -0.18.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $105.35 million during the quarter, compared to analyst estimates of $105.22 million. Del Taco Restaurants had a net margin of 4.80% and a return on equity of 5.81%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Equities research analysts anticipate that Del Taco Restaurants will post $0.55 earnings per share for the current year.

In related news, Director Eileen A. Aptman bought 26,010 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $12.97 per share, for a total transaction of $337,349.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 14.60% of the company’s stock.

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About Del Taco Restaurants

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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