Del Taco Restaurants Inc. [NASDAQ: TACO] gained 1.48% or 0.12 points to close at $8.21 with a heavy trading volume of 1371705 shares.
It opened the trading session at $8.16, the shares rose to $8.558 and dropped to $7.84, the range by which the price of stock traded the whole day. The daily chart for TACO points out that the company has recorded 139.36% gains over the past six months. However, it is still -235.1% lower than its most recent low trading price.
If we look at the average trading volume of 515.01K shares, TACO reached to a volume of 1371705 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 $10.50 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.
CL King have made an estimate for Del Taco Restaurants Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 24, 2020. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $15 to $14. The new note on the price target was released on April 30, 2019, representing the official price target for Del Taco Restaurants Inc. stock. Previously, the target price had yet another drop from $19 to $16, while Maxim Group kept a Buy rating on TACO stock.
The Average True Range (ATR) for Del Taco Restaurants Inc. is set at 0.40, with the Price to Sales ratio for TACO stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 1.51, 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 7.06 with Quick ratio for the last quarter at 0.20.
Trading performance analysis for TACO stock
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 -0.85. With this latest performance, TACO shares dropped by -5.74% in over the last four-week period, additionally plugging by 139.36% over the last 6 months – not to mention a drop of -19.71% 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 50.59, with the RSI for the last a single of trading hit 51.00, and the three-weeks RSI is set at 51.63 for Del Taco Restaurants Inc. [TACO]. The present Moving Average for the last 50 days of trading for this stock 8.12, while it was recorded at 7.99 for the last single week of trading, and 6.64 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 $207 million, or 67.70% 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 4.90% of the total institutional ownership; BELFER MANAGEMENT LLC, holding 3,535,099 shares of the stock with an approximate value of $29.02 million in TACO stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $21.32 million in TACO stock with ownership of nearly -13.4% of the company’s market capitalization.
Positions in Del Taco Restaurants Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 43 institutional holders increased their position in Del Taco Restaurants Inc. [NASDAQ:TACO] by around 2,599,951 shares. Additionally, 54 investors decreased positions by around 3,820,066 shares, while 14 investors held positions by with 18,850,655 shares. The mentioned changes placed institutional holdings at 25,270,672 shares, according to the latest SEC report filing. TACO stock had 16 new institutional investments in for a total of 1,177,441 shares, while 20 institutional investors sold positions of 1,234,190 shares during the same period.