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 (WHO). Since then, TACO shares have increased by 72.6% and is now trading at $8.18.
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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) announced its earnings results on Monday, May, 4th. The restaurant operator reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.01). The restaurant operator earned $109.81 million during the quarter, compared to analyst estimates 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 issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, June, 24th. The company provided EPS 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 analysts have issued twelve-month target prices for Del Taco Restaurants' stock. Their forecasts range from $6.00 to $14.00. On average, they expect Del Taco Restaurants' share price to reach $9.50 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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News stories about TACO stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Del Taco Restaurants earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned headlines about the restaurant operator a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Del Taco Restaurants.

Del Taco Restaurants saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,500,000 shares, an increase of 42.9% from the June 15th total of 1,050,000 shares. Based on an average daily trading volume, of 688,600 shares, the short-interest ratio is presently 2.2 days. Approximately 4.7% of the company's stock are short sold.
View Del Taco Restaurants' Short Interest.

Some companies that are related to Del Taco Restaurants include Cheesecake Factory (CAKE), 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) and Nathan's Famous (NATH).
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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 number of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (11.33%), UBS Group AG (1.71%), Assenagon Asset Management S.A. (1.14%), Prudential Financial Inc. (0.97%), Goldman Sachs Group Inc. (0.66%) and North Star Investment Management Corp. (0.59%). 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, and Rothschild Investment Corp IL.
View insider buying and selling activity for Del Taco Restaurants.

TACO stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Goldman Sachs Group Inc., Mackay Shields LLC, Kornitzer Capital Management Inc. KS, Algert Global LLC, UBS Group AG, and California Public Employees Retirement System. 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 $8.18.

Del Taco Restaurants has a market capitalization of $305.32 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]