Del Taco Restaurants (TACO) Stock Rating Lowered by BidaskClub
Del Taco Restaurants (NASDAQ:TACO) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.
TACO has been the subject of a number of other research reports. ValuEngine raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. TheStreet raised shares of Del Taco Restaurants from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Saturday, July 7th. Dougherty & Co lifted their target price on shares of Del Taco Restaurants from $16.50 to $18.50 and gave the company a “buy” rating in a research note on Friday, July 6th. Finally, Citigroup lifted their target price on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Del Taco Restaurants presently has an average rating of “Hold” and an average target price of $16.06.
Del Taco Restaurants stock opened at $11.85 on Friday. Del Taco Restaurants has a 52 week low of $10.00 and a 52 week high of $15.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market capitalization of $466.49 million, a P/E ratio of 24.36, a PEG ratio of 1.28 and a beta of -0.09.
In related news, CEO John D. Jr. Cappasola sold 7,500 shares of Del Taco Restaurants stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $13.98, for a total value of $104,850.00. Following the completion of the sale, the chief executive officer now owns 506,031 shares of the company’s stock, valued at approximately $7,074,313.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Del Taco Restaurants in the 2nd quarter valued at $111,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Del Taco Restaurants in the 2nd quarter worth $285,000. Mackay Shields LLC bought a new position in Del Taco Restaurants in the 1st quarter worth $280,000. LaSalle Street Capital Management LLC bought a new position in Del Taco Restaurants in the 1st quarter worth $294,000. Finally, GSA Capital Partners LLP raised its holdings in Del Taco Restaurants by 113.4% in the 2nd quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after acquiring an additional 20,603 shares during the period. 77.68% 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.
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