Wedbush Believes Del Taco Restaurants (NASDAQ: TACO) Won’t Stop Here

Wedbush analyst Nick Setyan maintained a Buy rating on Del Taco Restaurants (TACOResearch Report) today and set a price target of $13.00. The company’s shares closed last Thursday at $10.39, close to its 52-week high of $10.43.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.1% and a 58.3% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Dine Brands Global, and Cheesecake Factory.

Del Taco Restaurants has an analyst consensus of Strong Buy, with a price target consensus of $11.00.

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The company has a one-year high of $10.43 and a one-year low of $2.45. Currently, Del Taco Restaurants has an average volume of 540K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TACO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Del Taco Restaurants, Inc. engages in developing, franchising, owning, and operating restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. It offers Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries, and milkshakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA.