Del Taco Restaurants (TACO) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a hold rating to a sell rating in a research note issued to investors on Friday.

Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Del Taco Restaurants from a c+ rating to a b- rating in a research report on Wednesday, July 18th. Dougherty & Co boosted their target price on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the stock a buy rating in a research report on Friday, July 6th. Citigroup boosted their target price on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the stock a buy rating in a research report on Thursday, June 21st. ValuEngine raised shares of Del Taco Restaurants from a hold rating to a buy rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research raised shares of Del Taco Restaurants from a sell rating to a hold rating in a research report on Saturday, July 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $16.06.

Shares of TACO stock opened at $11.85 on Friday. Del Taco Restaurants has a 1 year low of $10.00 and a 1 year high of $15.99. The firm has a market cap of $466.49 million, a P/E ratio of 24.36, a P/E/G ratio of 1.28 and a beta of -0.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.39.

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of TACO. Mackay Shields LLC acquired a new stake in Del Taco Restaurants during the first quarter worth $280,000. Boston Partners boosted its stake in shares of Del Taco Restaurants by 14.4% in the 1st quarter. Boston Partners now owns 398,070 shares of the restaurant operator’s stock valued at $4,124,000 after purchasing an additional 50,210 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Del Taco Restaurants by 97.1% in the 1st quarter. Prudential Financial Inc. now owns 186,560 shares of the restaurant operator’s stock valued at $1,933,000 after purchasing an additional 91,900 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Del Taco Restaurants by 21.5% in the 1st quarter. BlackRock Inc. now owns 3,076,121 shares of the restaurant operator’s stock valued at $31,868,000 after purchasing an additional 544,121 shares in the last quarter. Finally, LaSalle Street Capital Management LLC acquired a new stake in shares of Del Taco Restaurants in the 1st quarter valued at $294,000. Hedge funds and other 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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