Shares of Del Taco Restaurants Inc (NASDAQ:TACO) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.40.
A number of analysts have recently weighed in on the company. BidaskClub lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a research report on Monday, January 8th. Jefferies Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Wedbush reissued a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a report on Tuesday, January 9th.
Shares of Del Taco Restaurants (NASDAQ:TACO) opened at $12.53 on Tuesday. Del Taco Restaurants has a 12-month low of $11.58 and a 12-month high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The firm has a market capitalization of $484.63, a price-to-earnings ratio of 22.38, a PEG ratio of 1.32 and a beta of -0.23.
A number of large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in Del Taco Restaurants in the fourth quarter valued at $196,000. Metropolitan Life Insurance Co. NY purchased a new position in Del Taco Restaurants in the fourth quarter valued at $136,000. PEAK6 Investments L.P. purchased a new position in Del Taco Restaurants in the fourth quarter valued at $275,000. Millennium Management LLC increased its holdings in Del Taco Restaurants by 477.7% in the fourth quarter. Millennium Management LLC now owns 156,564 shares of the restaurant operator’s stock valued at $1,898,000 after buying an additional 129,465 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Del Taco Restaurants by 81.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,408,992 shares of the restaurant operator’s stock valued at $29,197,000 after buying an additional 1,084,844 shares during the last quarter. 71.88% of the stock is currently owned by hedge funds and other institutional investors.
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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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