BidaskClub Lowers Del Taco Restaurants (NASDAQ:TACO) to Sell

BidaskClub lowered shares of Del Taco Restaurants (NASDAQ:TACO) from a hold rating to a sell rating in a research report released on Wednesday morning, BidAskClub reports.

A number of other equities research analysts also recently issued reports on TACO. ValuEngine raised shares of Del Taco Restaurants from a hold rating to a buy rating in a research report on Monday, July 8th. Zacks Investment Research raised shares of Del Taco Restaurants from a sell rating to a hold rating in a research report on Tuesday, May 21st. Maxim Group reissued a buy rating on shares of Del Taco Restaurants in a research report on Wednesday, July 31st. Finally, TheStreet raised shares of Del Taco Restaurants from a c+ rating to a b rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Del Taco Restaurants presently has an average rating of Buy and a consensus target price of $14.17.

Shares of TACO stock opened at $10.97 on Wednesday. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $13.54. The firm has a fifty day moving average price of $12.23 and a 200-day moving average price of $11.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.18 and a quick ratio of 0.14. The company has a market cap of $405.40 million, a price-to-earnings ratio of 19.59, a PEG ratio of 1.40 and a beta of 0.24.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a net margin of 2.94% and a return on equity of 4.62%. The firm had revenue of $121.50 million during the quarter, compared to the consensus estimate of $120.37 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts expect that Del Taco Restaurants will post 0.5 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its stake in shares of Del Taco Restaurants by 1.1% during the 2nd quarter. Bessemer Group Inc. now owns 111,900 shares of the restaurant operator’s stock valued at $1,435,000 after buying an additional 1,200 shares in the last quarter. Rothschild Investment Corp IL lifted its stake in shares of Del Taco Restaurants by 6.8% during the 1st quarter. Rothschild Investment Corp IL now owns 41,100 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 2,600 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Del Taco Restaurants by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 384,048 shares of the restaurant operator’s stock valued at $3,836,000 after buying an additional 16,208 shares in the last quarter. Alta Capital Management LLC purchased a new position in shares of Del Taco Restaurants during the 1st quarter valued at $109,000. Finally, Legal & General Group Plc lifted its stake in shares of Del Taco Restaurants by 24.1% during the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 1,145 shares in the last quarter. Institutional investors own 80.83% 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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