Del Taco Restaurants (TACO) Downgraded to “Sell” at BidaskClub

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

TACO has been the topic of several other research reports. Wedbush reissued a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research note on Friday, October 20th. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a research note on Monday, January 8th. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research note on Friday, December 22nd. Finally, BTIG Research dropped their price objective on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.67.

Shares of Del Taco Restaurants (TACO) opened at $12.93 on Thursday. Del Taco Restaurants has a 52 week low of $11.58 and a 52 week high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The company has a market cap of $497.02, a PE ratio of 23.09, a P/E/G ratio of 1.37 and a beta of -0.29.

In other news, SVP David Pear sold 9,260 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the transaction, the senior vice president now owns 115,412 shares in the company, valued at $1,413,797. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 14.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Del Taco Restaurants in the third quarter worth approximately $131,000. Jane Street Group LLC bought a new position in shares of Del Taco Restaurants in the third quarter worth approximately $158,000. Voya Investment Management LLC bought a new position in shares of Del Taco Restaurants in the second quarter worth approximately $165,000. Martingale Asset Management L P bought a new position in shares of Del Taco Restaurants in the second quarter worth approximately $200,000. Finally, Victory Capital Management Inc. bought a new position in shares of Del Taco Restaurants in the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Del Taco Restaurants (TACO) Downgraded to “Sell” at BidaskClub” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/28/del-taco-restaurants-taco-downgraded-to-sell-at-bidaskclub.html.

About Del Taco Restaurants

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 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.

Leave a Reply