Del Taco Restaurants (NASDAQ:TACO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other brokerages have also recently commented on TACO. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Saturday, September 16th. TheStreet cut Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Friday, October 20th. Maxim Group reissued a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Friday, October 20th. BTIG Research reissued a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Monday, September 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $16.00 price target on shares of Del Taco Restaurants in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Del Taco Restaurants presently has a consensus rating of “Hold” and an average price target of $16.67.

Shares of Del Taco Restaurants (TACO) traded down $0.02 during trading on Thursday, reaching $12.09. 199,312 shares of the company’s stock traded hands, compared to its average volume of 383,953. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.42. Del Taco Restaurants has a 12-month low of $11.58 and a 12-month high of $15.99. The company has a market capitalization of $465.67, a PE ratio of 21.89, a PEG ratio of 1.34 and a beta of -0.29.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The firm had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. During the same period in the previous year, the business earned $0.13 earnings per share. Del Taco Restaurants’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Del Taco Restaurants will post 0.54 EPS for the current fiscal year.

In related news, Director Lawrence F. Levy purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were purchased at an average price of $12.54 per share, with a total value of $2,508,000.00. Following the purchase, the director now owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in Del Taco Restaurants by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 100,182 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 761 shares in the last quarter. Geode Capital Management LLC increased its stake in Del Taco Restaurants by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 276,260 shares of the restaurant operator’s stock worth $3,663,000 after purchasing an additional 6,730 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Del Taco Restaurants by 43.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,872 shares of the restaurant operator’s stock worth $356,000 after purchasing an additional 7,802 shares in the last quarter. Bank of America Corp DE grew its stake in Del Taco Restaurants by 45.5% during the 1st quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 8,207 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Del Taco Restaurants during the 3rd quarter valued at about $131,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/07/bidaskclub-lowers-del-taco-restaurants-taco-to-sell.html.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

Receive News & Ratings for Del Taco Restaurants Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants Inc and related companies with MarketBeat.com's FREE daily email newsletter.