Del Taco Restaurants (NASDAQ:TACO) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a sell rating to a strong sell rating in a report published on Friday, BidAskClub reports.

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

Shares of TACO stock opened at $10.39 on Friday. The stock has a fifty day moving average of $11.08 and a 200 day moving average of $11.15. Del Taco Restaurants has a 52 week low of $9.45 and a 52 week high of $13.50. The firm has a market capitalization of $394.65 million, a price-to-earnings ratio of 18.55, a PEG ratio of 1.55 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.88.



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

A number of institutional investors have recently made changes to their positions in TACO. BNP Paribas Arbitrage SA lifted its position in Del Taco Restaurants by 412.9% during the first quarter. BNP Paribas Arbitrage SA now owns 6,380 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 5,136 shares during the period. Victory Capital Management Inc. purchased a new position in Del Taco Restaurants during the first quarter valued at $330,000. Rothschild & Co. Asset Management US Inc. lifted its position in Del Taco Restaurants by 0.7% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 700,529 shares of the restaurant operator’s stock valued at $7,047,000 after buying an additional 5,194 shares during the period. Martingale Asset Management L P lifted its position in Del Taco Restaurants by 925.0% during the first quarter. Martingale Asset Management L P now owns 193,716 shares of the restaurant operator’s stock valued at $1,950,000 after buying an additional 174,816 shares during the period. Finally, Rothschild Investment Corp IL lifted its position in Del Taco Restaurants by 3.6% during the second quarter. Rothschild Investment Corp IL now owns 42,600 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 1,500 shares during the period. 89.50% of the stock is owned by institutional investors and hedge funds.

Del Taco Restaurants Company Profile

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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