Zacks Investment Research cut shares of Del Taco Restaurants (NASDAQ:TACO) from a buy rating to a hold rating in a research report report published on Friday morning.
According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
Several other equities analysts have also commented on the company. ValuEngine lowered Del Taco Restaurants from a hold rating to a sell rating in a research report on Monday, April 2nd. BidaskClub lowered Del Taco Restaurants from a sell rating to a strong sell rating in a research report on Tuesday, March 20th. Maxim Group reiterated a buy rating and set a $19.00 price objective (down from $20.00) on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Wedbush reiterated a buy rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, March 15th. Finally, Jefferies Group reiterated a buy rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $15.50.
Shares of Del Taco Restaurants stock traded down $0.01 during trading on Friday, hitting $10.94. 131,098 shares of the stock traded hands, compared to its average volume of 242,518. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $420.98, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.14 and a beta of -0.02. Del Taco Restaurants has a 52 week low of $10.15 and a 52 week high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $146.50 million for the quarter, compared to the consensus estimate of $147.35 million. Del Taco Restaurants had a net margin of 10.58% and a return on equity of 5.35%. Del Taco Restaurants’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. analysts predict that Del Taco Restaurants will post 0.61 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Royce & Associates LP boosted its holdings in Del Taco Restaurants by 19.4% during the 4th quarter. Royce & Associates LP now owns 907,763 shares of the restaurant operator’s stock valued at $11,002,000 after acquiring an additional 147,192 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in Del Taco Restaurants by 12.4% during the 4th quarter. Landscape Capital Management L.L.C. now owns 90,443 shares of the restaurant operator’s stock valued at $1,096,000 after acquiring an additional 9,964 shares during the period. Wells Fargo & Company MN boosted its holdings in Del Taco Restaurants by 215.9% during the 3rd quarter. Wells Fargo & Company MN now owns 80,673 shares of the restaurant operator’s stock valued at $1,238,000 after acquiring an additional 55,138 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Del Taco Restaurants during the 4th quarter valued at about $1,581,000. Finally, Adams Asset Advisors LLC purchased a new stake in Del Taco Restaurants during the 4th quarter valued at about $1,020,000. Institutional investors own 79.05% of the company’s stock.
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Del Taco Restaurants Company Profile
Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of 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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