Dougherty & Co Analysts Give Del Taco Restaurants (TACO) a $17.00 Price Target

Dougherty & Co set a $17.00 price objective on Del Taco Restaurants (NASDAQ:TACO) in a report released on Wednesday morning. The firm currently has a buy rating on the restaurant operator’s stock. Dougherty & Co also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.55 EPS and FY2019 earnings at $0.55 EPS.

A number of other analysts also recently commented on the company. Maxim Group restated a buy rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, September 26th. BidaskClub downgraded Del Taco Restaurants from a hold rating to a sell rating in a report on Friday, August 31st. ValuEngine downgraded Del Taco Restaurants from a hold rating to a sell rating in a report on Friday, September 14th. Zacks Investment Research upgraded Del Taco Restaurants from a sell rating to a hold rating in a report on Tuesday, September 18th. Finally, Citigroup upped their price objective on Del Taco Restaurants from $13.00 to $16.00 and gave the stock a buy rating in a report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $15.13.

Shares of TACO stock traded down $0.02 on Wednesday, reaching $10.11. 9,706 shares of the stock were exchanged, compared to its average volume of 301,474. The company has a market cap of $452.32 million, a price-to-earnings ratio of 19.44, a PEG ratio of 1.24 and a beta of -0.08. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 1-year low of $9.45 and a 1-year high of $15.67.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $117.83 million during the quarter, compared to the consensus estimate of $119.84 million. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. As a group, analysts expect that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Del Taco Restaurants in the 2nd quarter valued at $111,000. Bank of Montreal Can increased its holdings in Del Taco Restaurants by 6,440.5% in the 3rd quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 14,169 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Del Taco Restaurants in the 2nd quarter valued at $285,000. GSA Capital Partners LLP increased its holdings in Del Taco Restaurants by 113.4% in the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock valued at $550,000 after purchasing an additional 20,603 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Del Taco Restaurants by 17.3% in the 2nd quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 6,042 shares in the last quarter. Hedge funds and other institutional investors own 77.67% 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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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