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.
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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