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.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $117.81 million during the quarter, compared to analyst estimates of $116.97 million. Del Taco Restaurants had a net margin of 9.79% and a return on equity of 4.84%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. equities analysts forecast that Del Taco Restaurants will post 0.6 EPS for the current year.

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.

See Also: Penny Stocks

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.