Del Taco Restaurants (TACO) Earning Somewhat Favorable Media Coverage, Analysis Shows

News articles about Del Taco Restaurants (NASDAQ:TACO) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Del Taco Restaurants earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.0469388434705 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of research analysts have recently commented on TACO shares. Zacks Investment Research lowered Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a report on Monday, May 15th. Maxim Group reissued a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a report on Thursday, June 22nd. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.71.

Del Taco Restaurants (TACO) traded up 0.43% during trading on Tuesday, hitting $14.00. The company had a trading volume of 113,466 shares. The company has a market capitalization of $541.60 million, a price-to-earnings ratio of 24.65 and a beta of -0.22. The firm has a 50-day moving average of $13.11 and a 200 day moving average of $13.06. Del Taco Restaurants has a 12-month low of $10.75 and a 12-month high of $15.32.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $108.60 million during the quarter, compared to the consensus estimate of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts forecast that Del Taco Restaurants will post $0.55 earnings per share for the current year.

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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.

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

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