Zacks Investment Research cut shares of Del Taco Restaurants (NASDAQ:TACO) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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. “

Several other research firms also recently weighed in on TACO. BidaskClub upgraded shares of Del Taco Restaurants from a sell rating to a hold rating in a research report on Thursday, August 23rd. ValuEngine downgraded shares of Del Taco Restaurants from a hold rating to a sell rating in a research report on Friday, September 14th. Maxim Group reiterated a buy rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research report on Wednesday, September 26th. Finally, BTIG Research downgraded shares of Del Taco Restaurants from a buy rating to a neutral rating and set a $14.00 price target on the stock. in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Del Taco Restaurants currently has an average rating of Hold and an average target price of $14.75.

TACO opened at $10.61 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.28. Del Taco Restaurants has a 1-year low of $9.45 and a 1-year high of $14.83. The company has a market capitalization of $408.23 million, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.23 and a beta of 0.06.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results 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 9.81% and a return on equity of 4.93%. The business had revenue of $117.83 million for the quarter, compared to the consensus estimate of $119.84 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Del Taco Restaurants will post 0.56 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners raised its position 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 valued at $5,700,000 after purchasing an additional 3,920 shares during the period. First Trust Advisors LP raised its position in shares of Del Taco Restaurants by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 6,042 shares during the period. Teachers Advisors LLC raised its position in shares of Del Taco Restaurants by 10.7% during the 3rd quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock valued at $771,000 after purchasing an additional 6,301 shares during the period. SG Americas Securities LLC bought a new stake in shares of Del Taco Restaurants during the 2nd quarter valued at $111,000. Finally, MetLife Investment Advisors LLC raised its position in shares of Del Taco Restaurants by 56.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 25,263 shares of the restaurant operator’s stock valued at $298,000 after purchasing an additional 9,067 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.

Del Taco Restaurants Company Profile

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