ValuEngine Lowers Del Taco Restaurants (TACO) to Sell

ValuEngine lowered shares of Del Taco Restaurants (NASDAQ:TACO) from a hold rating to a sell rating in a research note released on Friday morning.

Several other equities research analysts have also issued reports on TACO. BidaskClub lowered shares of Del Taco Restaurants from a hold rating to a sell rating in a report on Friday. Zacks Investment Research lowered shares of Del Taco Restaurants from a hold rating to a sell rating in a report on Thursday, September 6th. Piper Jaffray Companies boosted their price target on shares of Del Taco Restaurants from $12.00 to $14.00 and gave the company a neutral rating in a report on Friday, July 27th. Dougherty & Co boosted their price target on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the company a buy rating in a report on Friday, July 6th. Finally, TheStreet raised shares of Del Taco Restaurants from a c+ rating to a b- rating in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Del Taco Restaurants presently has a consensus rating of Hold and an average target price of $16.06.

Del Taco Restaurants stock traded down $0.21 on Friday, hitting $11.85. The company’s stock had a trading volume of 227,699 shares, compared to its average volume of 162,602. The firm has a market capitalization of $466.49 million, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.28 and a beta of -0.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.34. Del Taco Restaurants has a one year low of $10.00 and a one year high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.97 million. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. analysts predict that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.

In other news, CEO John D. Jr. Cappasola sold 7,500 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $13.98, for a total value of $104,850.00. Following the sale, the chief executive officer now owns 506,031 shares in the company, valued at approximately $7,074,313.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Putnam Investments LLC boosted its stake in shares of Del Taco Restaurants by 59.2% in the 2nd quarter. Putnam Investments LLC now owns 151,641 shares of the restaurant operator’s stock valued at $2,150,000 after purchasing an additional 56,400 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Del Taco Restaurants by 74.9% in the 2nd quarter. Millennium Management LLC now owns 906,943 shares of the restaurant operator’s stock valued at $12,860,000 after purchasing an additional 388,445 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Del Taco Restaurants by 1.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,129,453 shares of the restaurant operator’s stock valued at $16,016,000 after purchasing an additional 15,124 shares in the last quarter. Formula Growth Ltd. boosted its stake in shares of Del Taco Restaurants by 30.8% in the 2nd quarter. Formula Growth Ltd. now owns 148,700 shares of the restaurant operator’s stock valued at $2,109,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Del Taco Restaurants by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,213,866 shares of the restaurant operator’s stock valued at $45,572,000 after purchasing an additional 185,107 shares in the last quarter. Institutional investors own 77.68% 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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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