Del Taco Restaurants (TACO) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a sell rating to a hold rating in a research note released on Thursday.
Several other research analysts have also recently weighed in on TACO. Zacks Investment Research cut Del Taco Restaurants from a buy rating to a hold rating in a research report on Saturday, May 12th. ValuEngine upgraded Del Taco Restaurants from a sell rating to a hold rating in a research report on Tuesday, June 5th. Citigroup increased their price objective on Del Taco Restaurants from $13.00 to $16.00 and gave the stock a buy rating in a research report on Thursday, June 21st. Dougherty & Co increased their price objective on 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, TheStreet upgraded Del Taco Restaurants from a c+ rating to a b- rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $16.06.
TACO traded up $0.03 during trading hours on Thursday, reaching $12.71. The company’s stock had a trading volume of 985 shares, compared to its average volume of 144,958. Del Taco Restaurants has a 52 week low of $10.00 and a 52 week high of $15.99. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $494.45 million, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.36 and a beta of -0.09.
In other Del Taco Restaurants news, CEO John D. Jr. Cappasola sold 7,500 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.98, for a total transaction of $104,850.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. increased its position in Del Taco Restaurants by 97.1% during the 1st quarter. Prudential Financial Inc. now owns 186,560 shares of the restaurant operator’s stock worth $1,933,000 after buying an additional 91,900 shares during the period. Emerald Advisers Inc. PA acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $3,344,000. Dimensional Fund Advisors LP grew its holdings in shares of Del Taco Restaurants by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,028,759 shares of the restaurant operator’s stock worth $31,378,000 after purchasing an additional 264,462 shares in the last quarter. Boston Partners grew its holdings in shares of Del Taco Restaurants by 1.0% during the 2nd quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock worth $5,700,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Del Taco Restaurants during the 2nd quarter worth $1,113,000. 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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