Research Analysts’ Recent Ratings Changes for Del Taco Restaurants (TACO)

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Several brokerages have updated their recommendations and price targets on shares of Del Taco Restaurants (NASDAQ: TACO) in the last few weeks:

  • 10/19/2018 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/17/2018 – Del Taco Restaurants was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating. They now have a $14.00 price target on the stock.
  • 10/17/2018 – Del Taco Restaurants was given a new $17.00 price target on by analysts at Dougherty & Co. They now have a “buy” rating on the stock.
  • 10/17/2018 – Del Taco Restaurants had its price target lowered by analysts at Maxim Group from $19.00 to $16.00. They now have a “buy” rating on the stock.
  • 10/12/2018 – Del Taco Restaurants was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/27/2018 – Del Taco Restaurants was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/26/2018 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/26/2018 – Del Taco Restaurants had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $19.00 price target on the stock. They wrote, “We maintain our Buy rating and $19 price target on Del Taco (TACO) as the company’s 3Q18 (September) draws to a close. We lower our 3Q18 (September) EPS estimate to $0.15, from $0.16, though maintain our above-guidance $0.63 EPS estimate for 2018. Our EPS estimates of $0.72 for 2019 (vs. $0.67 consensus) and $0.79 for 2020 are unchanged. We believe recent M&A activity in the industry will push TACO’s valuation multiples higher.””
  • 9/18/2018 – Del Taco Restaurants was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/14/2018 – Del Taco Restaurants was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/14/2018 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/6/2018 – Del Taco Restaurants was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/6/2018 – Del Taco Restaurants was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/31/2018 – Del Taco Restaurants was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/23/2018 – Del Taco Restaurants was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

TACO opened at $10.18 on Friday. 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 Inc has a 1-year low of $9.45 and a 1-year high of $15.41. The firm has a market cap of $452.32 million, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.24 and a beta of -0.08.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. The firm had revenue of $117.83 million for the quarter, compared to the consensus estimate of $119.84 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Del Taco Restaurants Inc will post 0.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TACO. SG Americas Securities LLC acquired a new position in Del Taco Restaurants during the second quarter worth $111,000. Bank of Montreal Can raised its holdings in Del Taco Restaurants by 6,440.5% during the third quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock worth $170,000 after buying an additional 14,169 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Del Taco Restaurants during the second quarter worth $285,000. GSA Capital Partners LLP raised its holdings in Del Taco Restaurants by 113.4% during the second quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after buying an additional 20,603 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Del Taco Restaurants by 17.3% during the second quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock worth $581,000 after buying an additional 6,042 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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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