Del Taco Restaurants (TACO) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of Del Taco Restaurants (NASDAQ:TACO) from a hold rating to a sell rating in a report published on Friday morning.

Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Del Taco Restaurants from a c+ rating to a b- rating in a research note on Wednesday, July 18th. Dougherty & Co boosted their price objective on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the stock a buy rating in a research note on Friday, July 6th. BidaskClub upgraded shares of Del Taco Restaurants from a hold rating to a buy rating in a research note on Wednesday, June 27th. Citigroup boosted their price objective on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the stock a buy rating in a research note on Thursday, June 21st. Finally, Zacks Investment Research upgraded shares of Del Taco Restaurants from a sell rating to a hold rating in a research note on Saturday, July 7th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $16.06.

NASDAQ:TACO opened at $11.88 on Friday. Del Taco Restaurants has a one year low of $10.00 and a one year high of $15.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market capitalization of $466.49 million, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.28 and a beta of -0.09.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.14 EPS for the quarter, meeting the 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 during the quarter, compared to analyst estimates of $116.97 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. research analysts forecast that Del Taco Restaurants will post 0.6 earnings per share for the current year.

In related news, CEO John D. Jr. Cappasola sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 506,031 shares in the company, valued at approximately $7,074,313.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 14.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TACO. SG Americas Securities LLC purchased a new stake in Del Taco Restaurants during the 2nd quarter worth approximately $111,000. Mackay Shields LLC purchased a new stake in Del Taco Restaurants during the 1st quarter worth approximately $280,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Del Taco Restaurants during the 2nd quarter worth approximately $285,000. LaSalle Street Capital Management LLC purchased a new stake in Del Taco Restaurants during the 1st quarter worth approximately $294,000. Finally, GSA Capital Partners LLP grew its position in Del Taco Restaurants by 113.4% during the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after purchasing an additional 20,603 shares during the last quarter. 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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