Wedbush Sticks to Its Buy Rating for Del Taco Restaurants (TACO)


Wedbush analyst Nick Setyan reiterated a Buy rating on Del Taco Restaurants (TACO) today and set a price target of $15. The company’s shares closed yesterday at $10.39.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.4% and a 55.4% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Jack In The Box Inc, and BJ’s Restaurants.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Del Taco Restaurants with a $15.50 average price target.

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Based on Del Taco Restaurants’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.87 million. In comparison, last year the company had a net profit of $35.2 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock.

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Del Taco Restaurants, Inc. engages in developing, franchising, owning, and operating Del Taco quick-service Mexican-American restaurants. It offers Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries, and milkshakes.

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