Del Taco Restaurants Stock Forecast, Price & News

Del Taco Restaurants' stock was trading at $4.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TACO shares have increased by 74.7% and is now trading at $8.28.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Del Taco Restaurants in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Del Taco Restaurants is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Del Taco Restaurants.

Del Taco Restaurants Inc (NASDAQ:TACO) released its quarterly earnings data on Monday, May, 4th. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.01). The restaurant operator had revenue of $109.81 million for the quarter, compared to analysts' expectations of $105.64 million. Del Taco Restaurants had a positive return on equity of 3.61% and a negative net margin of 45.73%.
View Del Taco Restaurants' earnings history.

Del Taco Restaurants updated its third quarter 2020 After-Hours earnings guidance on Tuesday, September, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $120.7-120.7 million, compared to the consensus revenue estimate of $113.6 million.

5 brokers have issued 1-year price objectives for Del Taco Restaurants' shares. Their forecasts range from $8.00 to $14.00. On average, they anticipate Del Taco Restaurants' stock price to reach $11.20 in the next year. This suggests a possible upside of 35.3% from the stock's current price.
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Del Taco Restaurants saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,210,000 shares, an increase of 21.1% from the July 30th total of 999,400 shares. Based on an average daily volume of 615,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.8% of the shares of the stock are short sold.
View Del Taco Restaurants' Short Interest.

Some companies that are related to Del Taco Restaurants include Dine Brands Global (DIN), Arcos Dorados (ARCO), Dave & Buster's Entertainment (PLAY), BJ's Restaurants (BJRI), Denny's (DENN), El Pollo LoCo (LOCO), Ruth's Hospitality Group (RUTH), Chuy's (CHUY), Carrols Restaurant Group (TAST), Noodles & Co (NDLS), Fiesta Restaurant Group (FRGI), Biglari (BH), Nathan's Famous (NATH), Red Robin Gourmet Burgers (RRGB) and Livexlive Media (LIVX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Del Taco Restaurants investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Freeport-McMoRan (FCX), Boeing (BA), Ford Motor (F), Walt Disney (DIS), Energy Transfer LP Unit (ET), General Electric (GE), QUALCOMM (QCOM) and Alibaba Group (BABA).

Del Taco Restaurants trades on the NASDAQ under the ticker symbol "TACO."

Del Taco Restaurants' stock is owned by a variety of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (11.33%), UBS Group AG (1.71%), Assenagon Asset Management S.A. (1.14%), Prudential Financial Inc. (0.97%), Two Sigma Advisers LP (0.79%) and Jacobs Levy Equity Management Inc. (0.70%). Company insiders that own Del Taco Restaurants stock include Ari B Levy, David Pear, Eileen A Aptman and Lawrence F Levy.
View institutional ownership trends for Del Taco Restaurants.

TACO stock was sold by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., Kovitz Investment Group Partners LLC, Bank of New York Mellon Corp, Bank of America Corp DE, and Rothschild Investment Corp IL.
View insider buying and selling activity for Del Taco Restaurants.

TACO stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Mackay Shields LLC, Engineers Gate Manager LP, Charles Schwab Investment Management Inc., and Kornitzer Capital Management Inc. KS. Company insiders that have bought Del Taco Restaurants stock in the last two years include Ari B Levy, Eileen A Aptman, and Lawrence F Levy.
View insider buying and selling activity for Del Taco Restaurants.

Shares of TACO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TACO stock can currently be purchased for approximately $8.28.

Del Taco Restaurants has a market capitalization of $309.05 million and generates $512.95 million in revenue each year. The restaurant operator earns $-118,290,000.00 in net income (profit) each year or $0.47 on an earnings per share basis. Del Taco Restaurants employs 7,844 workers across the globe.

The official website for Del Taco Restaurants is www.deltaco.com.

Del Taco Restaurants' mailing address is 25521 COMMERCENTRE DRIVE, LAKE FOREST CA, 92630. The restaurant operator can be reached via phone at 949-462-9300 or via email at [email protected]