NASDAQ:TACO - Del Taco Restaurants Stock Price, Forecast & News

Del Taco Restaurants' stock was trading at $4.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TACO stock has decreased by 23.6% and is now trading at $3.62. View which stocks have been mosted impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Del Taco Restaurants in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Del Taco Restaurants.

Del Taco Restaurants is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Del Taco Restaurants.

Del Taco Restaurants Inc (NASDAQ:TACO) posted its earnings results on Wednesday, March, 11th. The restaurant operator reported $0.18 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.18. The restaurant operator had revenue of $157.10 million for the quarter, compared to analysts' expectations of $157.32 million. Del Taco Restaurants had a positive return on equity of 4.36% and a negative net margin of 23.06%. Del Taco Restaurants's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. View Del Taco Restaurants' earnings history.

Del Taco Restaurants issued an update on its FY20 earnings guidance on Wednesday, March, 11th. The company provided EPS guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The company issued revenue guidance of $503-513 million, compared to the consensus revenue estimate of $504.74 million.

2 brokerages have issued twelve-month price targets for Del Taco Restaurants' shares. Their forecasts range from $6.00 to $14.00. On average, they expect Del Taco Restaurants' share price to reach $10.00 in the next twelve months. This suggests a possible upside of 176.2% from the stock's current price. View analysts' price targets for Del Taco Restaurants.

News headlines about TACO stock have been trending extremely negative this week, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Del Taco Restaurants earned a coverage optimism score of -5.0 on InfoTrie's scale. They also gave headlines about the restaurant operator a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutDel Taco Restaurants.

Del Taco Restaurants saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,746,900 shares, an increase of 7.8% from the February 27th total of 1,620,000 shares. Based on an average daily trading volume, of 514,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 5.6% of the company's stock are short sold. View Del Taco Restaurants' Current Options Chain.

Some companies that are related to Del Taco Restaurants include Dine Brands Global (DIN), Brinker International (EAT), Dave & Buster's Entertainment (PLAY), Denny's (DENN), Habit Restaurants (HABT), BJ's Restaurants (BJRI), El Pollo LoCo (LOCO), Del Frisco's Restaurant Group (DFRG), Nathan's Famous (NATH), Noodles & Co (NDLS), Ruth's Hospitality Group (RUTH), Chuy's (CHUY), Red Robin Gourmet Burgers (RRGB), Fiesta Restaurant Group (FRGI) and Kura Sushi USA (KRUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Del Taco Restaurants investors own include Freeport-McMoRan (FCX), Energy Transfer LP Unit (ET), Ford Motor (F), Centurylink (CTL), AVEO Pharmaceuticals (AVEO), General Electric (GE), Airgain (AIRG), Martin Midstream Partners (MMLP), CBL & Associates Properties (CBL) and Inseego (INSG).

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

Del Taco Restaurants' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Belfer Management LLC (9.54%), Russell Investments Group Ltd. (8.33%), Managed Asset Portfolios LLC (4.92%), Emerald Mutual Fund Advisers Trust (2.28%), Emerald Advisers LLC (2.13%) and Renaissance Technologies LLC (1.79%). Company insiders that own Del Taco Restaurants stock include David Pear, Eileen A Aptman, John D Jr Cappasola, Lawrence F Levy and Patrick Walsh. View institutional ownership trends for Del Taco Restaurants.

TACO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Rothschild & Co. Asset Management US Inc., UBS Asset Management Americas Inc., Barclays PLC, Renaissance Technologies LLC, Martingale Asset Management L P, Jefferies Group LLC, and Bessemer Group Inc.. 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 Russell Investments Group Ltd., Managed Asset Portfolios LLC, Belfer Management LLC, UBS Group AG, Prudential Financial Inc., Boston Partners, Catalyst Capital Advisors LLC, and North Star Investment Management Corp.. Company insiders that have bought Del Taco Restaurants stock in the last two years include Eileen A Aptman, Lawrence F Levy, and Patrick Walsh. 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 $3.62.

Del Taco Restaurants has a market capitalization of $134.23 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. View additional information about Del Taco Restaurants.

The official website for Del Taco Restaurants is http://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]