Monday, March 1, 2021

Del Taco Restaurants Inc. [TACO] is 15.24% higher this YTD. Is it still time to buy?

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Del Taco Restaurants Inc. [NASDAQ: TACO] gained 11.37% on the last trading session, reaching $9.11 price per share at the time. The company report on August 3, 2020 that Del Taco Brings Bold New Flavors & Value to Crispy Chicken With Launch of New $1 Crispy Chicken Tacos and $5 Epic Burrito.

Brand Strengthens Industry Leading Value Menu with Four New Menu Items.


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Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican quick service restaurant* (MQSR), today announced the addition of Crispy Chicken to its menu as a permanent protein option expanding its menu of Mexican and American favorites served at an outstanding value.

Del Taco Restaurants Inc. represents 37.09 million in outstanding shares, while the company has a total market value of $340.53 million with the latest information. TACO stock price has been found in the range of $8.1472 to $9.13.

If compared to the average trading volume of 602.58K shares, TACO reached a trading volume of 1731951 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $8.83 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 0.44, 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 1.67, with the Price to Cash per share for the same quarter was set at 0.29. Price to Free Cash Flow for TACO in the course of the last twelve months was 7.99 with Quick ratio for the last quarter at 0.20.

Trading performance analysis for TACO stock

Del Taco Restaurants Inc. [TACO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.63. With this latest performance, TACO shares gained by 30.52% in over the last four-week period, additionally plugging by 17.55% over the last 6 months – not to mention a drop of -16.73% 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 76.69, with the RSI for the last a single of trading hit 82.08, and the three-weeks RSI is set at 72.26 for Del Taco Restaurants Inc. [TACO]. The present Moving Average for the last 50 days of trading for this stock 6.82, while it was recorded at 8.02 for the last single week of trading, and 6.49 for the last 200 days.

Del Taco Restaurants Inc. [TACO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Del Taco Restaurants Inc. [TACO] shares currently have an operating margin of +6.32 and a Gross Margin at +14.88. Del Taco Restaurants Inc.’s Net Margin is presently recorded at -23.06.

Return on Total Capital for TACO is now 4.90, given the latest momentum, and Return on Invested Capital for the company is -18.13. Return on Equity for this stock declined to -32.66, with Return on Assets sitting at -14.59. 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 139.03. Additionally, TACO Total Debt to Total Capital is recorded at 58.16, with Total Debt to Total Assets ending up at 48.70. Long-Term Debt to Equity for the company is recorded at 133.05, with the Long-Term Debt to Total Capital now at 55.66.

Reflecting on the efficiency of the workforce at the company, Del Taco Restaurants Inc. [TACO] managed to generate an average of -$15,080 per employee. Receivables Turnover for the company is 152.05 with a Total Asset Turnover recorded at a value of 0.63.Del Taco Restaurants Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.

Del Taco Restaurants Inc. [TACO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Del Taco Restaurants Inc. posted 0.1/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 fail the estimates by a Surprise Factor of -28.60%. 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%.

An analysis of insider ownership at Del Taco Restaurants Inc. [TACO]

There are presently around $230 million, or 70.80% of TACO stock, in the hands of institutional investors. The top three institutional holders of TACO stocks are: RUSSELL INVESTMENTS GROUP, LTD. with ownership of 4,228,903, which is approximately 7.216% of the company’s market cap and around 4.70% of the total institutional ownership; BELFER MANAGEMENT LLC, holding 3,535,099 shares of the stock with an approximate value of $32.2 million in TACO stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $23.66 million in TACO stock with ownership of nearly -13.4% of the company’s market capitalization.

41 institutional holders increased their position in Del Taco Restaurants Inc. [NASDAQ:TACO] by around 2,417,541 shares. Additionally, 61 investors decreased positions by around 7,685,681 shares, while 13 investors held positions by with 15,116,769 shares. The mentioned changes placed institutional holdings at 25,219,991 shares, according to the latest SEC report filing. TACO stock had 12 new institutional investments in for a total of 750,299 shares, while 27 institutional investors sold positions of 2,895,328 shares during the same period.

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