Del Taco Restaurants Inc. (NASDAQ:TACO) stock went on an upward path that rose over 0.95% on Thursday, amounting to a one-week price decrease of more than -0.68%. Over the last 12 months, TACO stock dropped by -12.81%. The one-year TACO stock forecast points to a potential downside of -0.42. The average equity rating for TACO stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for TACO stock reached $353.37 million, with 37.08 million shares outstanding and 29.96 million shares in the current float. Compared to the average trading volume of 399.51K shares, TACO reached a trading volume of 372799 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Del Taco Restaurants Inc. (TACO)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TACO shares is $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TACO stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Del Taco Restaurants Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 30, 2019. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $19 to $16. The new note on the price target was released on October 17, 2018, representing the official price target for Del Taco Restaurants Inc. stock. On July 06, 2018, analysts increased their price target for TACO shares from 16.50 to 18.50.
The Average True Range (ATR) for Del Taco Restaurants Inc. is set at 0.28, with the Price to Sales ratio for TACO stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for TACO in the course of the last twelve months was 6.27 with Quick ratio for the last quarter at 0.10.
How has TACO stock performed recently?
Del Taco Restaurants Inc. (TACO) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.68. With this latest performance, TACO shares dropped by -10.18% in over the last four-week period, additionally sinking by -5.55% over the last 6 months – not to mention a drop of -12.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TACO stock in for the last two-week period is set at 30.04, with the RSI for the last a single of trading hit 30.64, and the three-weeks RSI is set at 33.35 for Del Taco Restaurants Inc. (TACO). The present Moving Average for the last 50 days of trading for this stock 10.63, while it was recorded at 9.49 for the last single week of trading, and 10.90 for the last 200 days.
Del Taco Restaurants Inc. (TACO): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Del Taco Restaurants Inc. (TACO) shares currently have an operating margin of +8.09 and a Gross Margin at +19.38. Del Taco Restaurants Inc.’s Net Margin is presently recorded at +3.75.
Return on Total Capital for TACO is now 6.87, given the latest momentum, and Return on Invested Capital for the company is 3.19. Return on Equity for this stock inclined to 4.52, with Return on Assets sitting at 2.53. When it comes to the capital structure of this company, Del Taco Restaurants Inc. (TACO) has a Total Debt to Total Equity ratio set at 42.55. Additionally, TACO Total Debt to Total Capital is recorded at 29.85, with Total Debt to Total Assets ending up at 23.68. Long-Term Debt to Equity for the company is recorded at 42.31, with the Long-Term Debt to Total Capital now at 29.68.
Reflecting on the efficiency of the workforce at the company, Del Taco Restaurants Inc. (TACO) managed to generate an average of $2,513 per employee. Receivables Turnover for the company is 144.53 with a Total Asset Turnover recorded at a value of 0.67. Del Taco Restaurants Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.20.
Earnings analysis for Del Taco Restaurants Inc. (TACO)
With the latest financial reports released by the company, Del Taco Restaurants Inc. posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TACO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Del Taco Restaurants Inc. go to 12.00%.
Insider trade positions for Del Taco Restaurants Inc. (TACO)
There are presently around $314 million, or 87.70% of TACO stock, in the hands of institutional investors. The top three institutional holders of TACO stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 3,142,050, which is approximately -0.563% of the company’s market cap and around 3.50% of the total institutional ownership; BELFER MANAGEMENT LLC, holding 2,876,512 shares of the stock with an approximate value of $27.15 million in TACO stocks shares; and BLACKROCK INC., currently with $22.06 million in TACO stock with ownership of nearly -1.781% of the company’s market capitalization.
61 institutional holders increased their position in Del Taco Restaurants Inc. (NASDAQ:TACO) by around 5,981,626 shares. Additionally, 51 investors decreased positions by around 2,436,093 shares, while 21 investors held positions by with 24,824,413 shares. The mentioned changes placed institutional holdings at 33,242,132 shares, according to the latest SEC report filing. TACO stock had 25 new institutional investments in for a total of 3,702,029 shares, while 11 institutional investors sold positions of 562,763 shares during the same period.