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TACO

Del Taco

$10.90

-0.13 (-1.18%)

11:49
08/20/19
08/20
11:49
08/20/19
11:49

Del Taco said to hire bankers to consider sale, blog report claims

Del Taco Restaurants has hired bankers to handle inquiries about a takeover and is said to be considering a sale, a source reportedly told Street Insider. Shares of Del Taco are up 33c, or 3%, to $11.37 following the blog report.

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TACO Del Taco
$10.90

-0.13 (-1.18%)

10/17/18
BTIG
10/17/18
DOWNGRADE
BTIG
Neutral
Del Taco downgraded to Neutral at BTIG after FY18 guidance cut
BTIG analyst Peter Saleh downgraded Del Taco to Neutral from Buy after its Q3 results and reduced FY18 outlook yesterday evening. The analyst points to the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing.
10/17/18
10/17/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Infosys (INFY) downgraded to Neutral from Buy at Goldman Sachs with analyst Sumeet Jain saying yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments. 2. Netflix (NFLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves citing quarterly results. While the analyst maintains a favorable view of Netflix's strategic positioning, he believes improving investment efficiency or significant ancillary opportunities are needed to drive upside from current levels, and he does not anticipate either over the next year. 3. Home Depot (HD), Lowe's (LOW), KB Home (KBH), and Lennar (LEN) were downgraded to Neutral from Outperform at Credit Suisse. 4. Del Taco (TACO) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing. 5. Scorpio Bulkers (SALT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette citing the company's related party transactions and recent investment in Scorpio Tankers (STNG) for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/03/18
WEDB
12/03/18
NO CHANGE
WEDB
Del Taco, ObsEva added to Best Ideas List at Wedbush
Wedbush expects visibility in 2019 into Del Taco's (TACO) long-term MSD-HSD EBITDA growth algorithm to result in valuation expansion toward its regional Restaurant Brands (QSR) peers, and is adding the stock to its Best Ideas List. Reiterating an Overweight rating on the shares and also adding it to its Best Ideas List, Wedbush says ObsEva (OBSV) continues to deliver stellar clinical results from its drug candidate pipeline. The firm anticipates Linzagolix to be the third entrant in the oral gonadotropin releasing hormone receptor antagonist space, but its differentiated profile and dosing options are likely to be preferred by patients.
02/01/19
WEDB
02/01/19
NO CHANGE
Target $15
WEDB
Outperform
Del Taco removed from Best Ideas List at Wedbush
Wedbush analyst Nick Setyan reiterated an Outperform rating and $15 price target Del Taco but removed shares from the Best Ideas List. In a research note to investors, Setyan says he believes 2019 expectations could prove conservative. He sees an inflection in EBITDA growth in 2020 from an earlier expectation of an inflection in 2019.

TODAY'S FREE FLY STORIES

DHI

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MDCO

The Medicines Co.

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0.99 (2.07%)

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DBSDY

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SPX

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DUNDF

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RTN

Raytheon

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ORTX

Orchard Therapeutics

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SNE

Sony

$59.95

-0.42 (-0.70%)

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XLRN

Acceleron

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0.75 (1.71%)

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HD

Home Depot

$231.00

-2.86 (-1.22%)

06:09
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Home Depot rating change  »

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  • 19

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BUD

AB InBev

$95.80

-0.61 (-0.63%)

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SNAP

Snap

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-0.24 (-1.50%)

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PVH

PVH Corp.

$90.63

-0.02 (-0.02%)

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  • 19

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SHOP

Shopify

$337.93

-0.77 (-0.23%)

06:06
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  • 18

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MTCH

Match Group

$76.70

1.74 (2.32%)

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CROX

Crocs

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DOX

Amdocs

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DAVE

Famous Dave's

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0.13 (2.86%)

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BBQ

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  • 12

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BLK

BlackRock

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  • 27

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AAWW

Atlas Air

$27.70

0.6 (2.21%)

06:00
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Atlas Air rating change  »

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  • 13

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TLSNF

Telia

$0.00

(0.00%)

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Telia rating change  »

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TLTZY

Tele2

$0.00

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FB

Facebook

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PAGS

PagSeguro Digital

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COP

ConocoPhillips

$62.54

5.19 (9.05%)

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