Del Taco Restaurants (NASDAQ:TACO) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Del Taco Restaurants (NASDAQ:TACO) from a buy rating to a hold rating in a research note released on Friday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Maxim Group reiterated a buy rating and issued a $60.00 price target on shares of Otter Tail in a report on Tuesday, May 7th. Finally, ValuEngine cut Intersect ENT from a buy rating to a hold rating in a report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Del Taco Restaurants currently has a consensus rating of Buy and a consensus target price of $14.14.

Del Taco Restaurants stock opened at $12.84 on Friday. The firm has a 50-day moving average price of $11.90. The company has a market capitalization of $471.81 million, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.25. Del Taco Restaurants has a 12-month low of $9.45 and a 12-month high of $14.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.24 and a current ratio of 0.28.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.22 million. Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. Del Taco Restaurants’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Research analysts predict that Del Taco Restaurants will post 0.5 earnings per share for the current fiscal year.

In other Del Taco Restaurants news, SVP David Pear sold 13,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $11.85, for a total transaction of $159,975.00. Following the transaction, the senior vice president now owns 118,210 shares in the company, valued at $1,400,788.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 16.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in Del Taco Restaurants by 41.6% during the 4th quarter. Rhumbline Advisers now owns 43,838 shares of the restaurant operator’s stock worth $438,000 after buying an additional 12,881 shares during the period. Prudential Financial Inc. increased its position in shares of Del Taco Restaurants by 10.2% in the 4th quarter. Prudential Financial Inc. now owns 56,798 shares of the restaurant operator’s stock valued at $567,000 after purchasing an additional 5,268 shares during the last quarter. First Trust Advisors LP increased its position in shares of Del Taco Restaurants by 17.0% in the 4th quarter. First Trust Advisors LP now owns 63,308 shares of the restaurant operator’s stock valued at $632,000 after purchasing an additional 9,208 shares during the last quarter. California Public Employees Retirement System purchased a new stake in shares of Del Taco Restaurants in the 4th quarter valued at approximately $364,000. Finally, Bank of New York Mellon Corp increased its position in shares of Del Taco Restaurants by 18.8% in the 4th quarter. Bank of New York Mellon Corp now owns 168,161 shares of the restaurant operator’s stock valued at $1,680,000 after purchasing an additional 26,591 shares during the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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