Del Taco Restaurants (NASDAQ:TACO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.

Several other analysts also recently commented on TACO. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Maxim Group reissued a “buy” rating and issued a $60.00 target price on shares of Otter Tail in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.14.

Del Taco Restaurants stock opened at $12.84 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88. The firm has a market cap of $472.18 million, a price-to-earnings ratio of 22.93, a PEG ratio of 1.64 and a beta of 0.25. Del Taco Restaurants has a twelve month low of $9.45 and a twelve month high of $14.46. The company has a 50 day moving average of $11.80.

Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Monday, May 6th. The restaurant operator reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The business had revenue of $114.20 million during the quarter, compared to the consensus estimate of $114.22 million. Del Taco Restaurants had a return on equity of 4.75% and a net margin of 3.38%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. Research analysts expect that Del Taco Restaurants will post 0.5 EPS for the current fiscal year.

In other Del Taco Restaurants news, SVP David Pear sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $11.85, for a total value of $159,975.00. Following the completion of the sale, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at $1,400,788.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new stake in shares of Del Taco Restaurants during the 1st quarter worth $42,000. Legal & General Group Plc boosted its holdings in shares of Del Taco Restaurants by 24.1% during the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock worth $58,000 after buying an additional 1,145 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Del Taco Restaurants by 412.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,380 shares of the restaurant operator’s stock worth $64,000 after buying an additional 5,136 shares during the period. Alta Capital Management LLC bought a new stake in shares of Del Taco Restaurants during the 1st quarter worth $109,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Del Taco Restaurants by 415.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,250 shares of the restaurant operator’s stock worth $112,000 after buying an additional 9,067 shares during the period. 80.14% 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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