NASDAQ:TACODel Taco Restaurants Stock Price, Forecast & 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. Since then, TACO stock has increased by 65.4% and is now trading at $7.84.
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4 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 3 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.
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Del Taco Restaurants Inc (NASDAQ:TACO) issued its earnings results on Monday, May, 4th. The restaurant operator reported ($0.01) EPS for the quarter, meeting 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%.
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Del Taco Restaurants issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, June, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $104.5-104.5 million, compared to the consensus revenue estimate of $97.47 million.

4 brokerages have issued 12 month price objectives for Del Taco Restaurants' shares. Their forecasts range from $6.00 to $14.00. On average, they anticipate Del Taco Restaurants' stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
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News articles about TACO stock have been trending negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Del Taco Restaurants earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned news coverage about the restaurant operator a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.
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Del Taco Restaurants saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,110,000 shares, a decrease of 26.0% from the June 30th total of 1,500,000 shares. Based on an average trading volume of 670,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.5% of the shares of the stock are short sold.
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Some companies that are related to Del Taco Restaurants include Bloomin' Brands (BLMN), Arcos Dorados (ARCO), Dine Brands Global (DIN), Dave & Buster's Entertainment (PLAY), Denny's (DENN), El Pollo LoCo (LOCO), BJ's Restaurants (BJRI), Carrols Restaurant Group (TAST), Noodles & Co (NDLS), Chuy's (CHUY), Ruth's Hospitality Group (RUTH), Del Frisco's Restaurant Group (DFRG), Fiesta Restaurant Group (FRGI), Nathan's Famous (NATH) and Biglari (BH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Del Taco Restaurants investors own include Advanced Micro Devices (AMD), Freeport-McMoRan (FCX), NVIDIA (NVDA), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE), Alibaba Group (BABA) and Carnival (CCL).

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

Del Taco Restaurants' stock is owned by a variety of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (11.33%), UBS Group AG (1.71%), Assenagon Asset Management S.A. (1.14%), North Star Investment Management Corp. (0.59%), WINTON GROUP Ltd (0.53%) and Kornitzer Capital Management Inc. KS (0.39%). 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., and Rothschild Investment Corp IL.
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TACO stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Mackay Shields LLC, Kornitzer Capital Management Inc. KS, UBS Group AG, WINTON GROUP Ltd, HighTower Advisors LLC, and Aigen Investment Management LP. 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 $7.84.

Del Taco Restaurants has a market capitalization of $292.63 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]