News stories about Del Taco Restaurants (NASDAQ:TACO) have been trending positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Del Taco Restaurants earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 45.56200570395 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Del Taco Restaurants (NASDAQ TACO) traded down 0.71% during mid-day trading on Wednesday, hitting $15.40. 329,595 shares of the stock traded hands. The company has a market capitalization of $595.76 million, a PE ratio of 27.11 and a beta of -0.20. Del Taco Restaurants has a 1-year low of $11.58 and a 1-year high of $15.99. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $13.55.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $108.60 million during the quarter, compared to analyst estimates of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. Del Taco Restaurants’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Equities research analysts forecast that Del Taco Restaurants will post $0.55 EPS for the current fiscal year.
Several research analysts have weighed in on TACO shares. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Saturday, September 16th. BidaskClub downgraded shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. BTIG Research restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Monday, September 25th. Maxim Group restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Del Taco Restaurants presently has a consensus rating of “Hold” and a consensus target price of $17.00.
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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