Del Taco Restaurants (TACO) Upgraded to “Hold” by BidaskClub

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

TACO has been the topic of several other reports. TheStreet upgraded shares of Del Taco Restaurants from a c+ rating to a b- rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Del Taco Restaurants from a sell rating to a hold rating in a research report on Saturday, July 7th. Maxim Group restated a buy rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, September 26th. Dougherty & Co upped 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 report on Friday, July 6th. Finally, Citigroup upped 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 report on Thursday, June 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $16.06.

Shares of TACO traded up $0.09 during midday trading on Friday, hitting $11.11. 489,861 shares of the company traded hands, compared to its average volume of 283,129. Del Taco Restaurants has a one year low of $10.00 and a one year high of $15.70. The stock has a market cap of $452.32 million, a PE ratio of 21.37, a P/E/G ratio of 1.24 and a beta of -0.08. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 0.40.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.97 million. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. Del Taco Restaurants’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Analysts expect that Del Taco Restaurants will post 0.6 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Del Taco Restaurants by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,213,866 shares of the restaurant operator’s stock worth $45,572,000 after buying an additional 185,107 shares in the last quarter. BlackRock Inc. boosted its stake in Del Taco Restaurants by 21.5% in the first quarter. BlackRock Inc. now owns 3,076,121 shares of the restaurant operator’s stock worth $31,868,000 after buying an additional 544,121 shares in the last quarter. Royce & Associates LP boosted its stake in Del Taco Restaurants by 23.7% in the second quarter. Royce & Associates LP now owns 1,452,863 shares of the restaurant operator’s stock worth $20,602,000 after buying an additional 278,300 shares in the last quarter. Voya Investment Management LLC boosted its stake in Del Taco Restaurants by 1.4% in the second quarter. Voya Investment Management LLC now owns 1,129,453 shares of the restaurant operator’s stock worth $16,016,000 after buying an additional 15,124 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Del Taco Restaurants by 74.9% in the second quarter. Millennium Management LLC now owns 906,943 shares of the restaurant operator’s stock worth $12,860,000 after buying an additional 388,445 shares in the last quarter. 77.67% 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 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.

Read More: Using the New Google Finance Tool

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply