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 August 31, 2021, it operated approximately 600 restaurants across 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.
IPO Year: 2014
Exchange: NASDAQ
Website: deltaco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/7/2021 | Buy → Hold | Benchmark | |
| 12/7/2021 | $14.00 → $12.51 | Buy → Hold | Jefferies |
| 12/7/2021 | $15.00 → $12.50 | Outperform → Neutral | Wedbush |
| 11/12/2021 | $14.00 | Buy | The Benchmark Company |
| 11/12/2021 | $14.00 | Buy | Benchmark |
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
4 - Del Taco Restaurants, Inc. (0001585583) (Issuer)
LAKE FOREST, Calif.--(BUSINESS WIRE)--Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported preliminary unaudited fiscal fourth quarter and fiscal year 2020 sales results for the 16 and 52 week periods ending December 29, 2020. The Company also provided a liquidity and share repurchase update and announced that its Board of Directors has authorized the initiation of a quarterly cash dividend. Management Commentary John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are very pleased to report a system-wide compara
Benchmark downgraded Del Taco Restaurants from Buy to Hold
Jefferies downgraded Del Taco Restaurants from Buy to Hold and set a new price target of $12.51 from $14.00 previously
Wedbush downgraded Del Taco Restaurants from Outperform to Neutral and set a new price target of $12.50 from $15.00 previously
The Benchmark Company initiated coverage of Del Taco with a rating of Buy and set a new price target of $14.00
Benchmark initiated coverage of Del Taco Restaurants with a rating of Buy and set a new price target of $14.00
Wedbush reiterated coverage of Del Taco Restaurants with a rating of Outperform and set a new price target of $15.00 from $13.00 previously
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Brings Together Two Brands with Complementary Cultures, Guest Profiles, Operating Models and Market Opportunities True QSR in the Attractive and Growing Mexican Category with a Leading Brand Creates Critical Economies of Scale and Reinforces Unit Growth Strategies for Both Brands Nationwide Financially Compelling Transaction with Meaningful Synergy Opportunities is Expected to be Immediately Accretive to Jack in the Box EPS Jack in the Box Inc. (NASDAQ:JACK), one of the nation's leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ:TACO), the nation's second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive
Signs Seven Franchise Development Agreements Year to Date for 53 New Del Taco Restaurants from Coast to Coast Launches New Multi-Experience and Multi-Tiered Del Yeah!™ Rewards App Del Taco Restaurants, Inc. ("Del Taco" or the "Company"), (NASDAQ:TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal third quarter 2021 financial results for the 12-week period ended September 7, 2021. Management Commentary John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, "We have made significant progress in signing new franchise development agreements, having signed a total of seven so far this ye
Del Taco Restaurants, Inc. ("Del Taco" or the "Company") (NASDAQ:TACO), the nation's second largest Mexican quick service restaurant*, will announce fiscal third quarter 2021 financial results on Thursday, October 14, 2021 after the market closes. A conference call and webcast are scheduled for 4:30 p.m. ET that same day. Hosting the conference call and webcast will be John D. Cappasola, Jr., President and Chief Executive Officer; and Steven L. Brake, Executive Vice President and Chief Financial Officer. Interested parties may listen to the conference call via telephone by dialing 201-689-8471. A telephone replay will be available shortly after the call has concluded and can be accessed b
System-Wide Comparable Restaurant Sales Increased 17.8% Compared to the Prior-Year Fiscal Quarter Income from Operations Growth of 148.5% Compared to Last Year Signs New Franchise Development Agreement for 12 New Florida Panhandle Restaurants Expects System-wide New Unit Growth to Achieve 5% in 2023 Led by Franchising Del Taco Restaurants, Inc. ("Del Taco" or the "Company"), (NASDAQ:TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal second quarter 2021 financial results for the 12-week period ended June 15, 2021 and provided a business update. Management Commentary John D. Cappasola, Jr., President and Chief E
System-Wide Comparable Restaurant Sales Increased 9.1% Compared to the Prior-Year Fiscal Quarter Signs Two Franchise Development Agreements in the Southeast for 18 New Restaurants Del Taco Restaurants, Inc. ("Del Taco" or the "Company"), (NASDAQ:TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal first quarter 2021 financial results for the 12-week period ending March 23, 2021 and provided a business update. Management Commentary John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, "We are pleased to have delivered a very strong first quarter that sets us up for a great year at De
LAKE FOREST, Calif.--(BUSINESS WIRE)--Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal fourth quarter and fiscal year 2020 financial results for the 16-week and 52-week periods ending December 29, 2020 and provided a business update. Management Commentary John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We delivered a solid fourth quarter performance in terms of comparable restaurant sales growth, restaurant contribution margin and adjusted EBITDA performance. Our great food, great value, and great ex
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LAKE FOREST, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- Del Taco, the nation's second largest Mexican quick service restaurant*, announced its newest multi-unit deal as the brand continues to add new locations across the Southeastern US. This partnership with experienced franchisees Brandon Jones and Tyrone Smith covers Tuscaloosa, AL and for the first time in the brand's history, Del Taco will be entering the state of Mississippi. "Tyrone and I have over four decades of experience operating in the QSR franchise space and have great success in making sure the brands we work with grow within the Mississippi and Alabama markets," says Jones. "This area has been in need of a superior Mexican
LAKE FOREST, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- Del Taco, the nation's second largest Mexican quick service restaurant,* takes top taco honors for The Del Taco as "The Best Fast Food Taco in America" in Thrillist's annual The Fasties Fast Food Awards. This is the second consecutive win for The Del Taco from Thrillist. The Del Taco is made with lots of freshly grated cheddar cheese, seasoned beef, fresh lettuce, and diced tomatoes in a big six-inch crunchy corn shell. To illustrate the size and amount of ingredients, Del Taco is launching a marketing campaign that directly compares The Del Taco against Taco Bell's Crunchy Taco in addition to celebrating the award from Thrillist. The
LAKE FOREST, Calif., May 18, 2022 (GLOBE NEWSWIRE) -- Del Taco, the nation's second largest Mexican quick service restaurant*, announced its newest multi-unit deal that will add six new locations to the state of Alabama in partnership with franchisee Sam Abusaleem in the Huntsville market. "I am thrilled to become part of the Del Taco franchise team. My goal has been to bring a fresh, high quality, casual concept to the residents of Northern Alabama and Del Taco is just that," says Abusaleem. "I've been in the retail and restaurant industry for more than 30 years and am looking forward to growing my portfolio with such a well-respected brand that believes in the same dedication to its gue
LAKE FOREST, Calif., May 16, 2022 (GLOBE NEWSWIRE) -- Del Taco, the nation's second largest Mexican quick service restaurant*, launched its NEW Chicken Cheddar Rollers, the newest 20 Under $2 menu item, with the help of L.A. Derby Dolls (LADD) - Southern California's premiere all-female, banked track roller derby league. Playfully celebrating all things roller related, Del Taco and LADD hosted the event at the newly remodeled Lakewood location – the first of the brand's new Fresh Flex remodel restaurants to open in Los Angeles County – in support of the new menu item and to bring awareness to the return of the derby league after a two year shut down due to the pandemic. During the event,
TEMPE, Ariz., April 21, 2022 (GLOBE NEWSWIRE) -- Del Taco Restaurants, Inc. (NASDAQ:TACO), the nation's second largest Mexican quick service restaurant*, announces the opening of its newest location in Tempe at 1331 N. Scottsdale Rd. The new location, which is owned and operated by longtime Del Taco franchisee Dennis Ekstrom of the Diamondback LLC franchise organization, is the first to open in Tempe, just down the street from Arizona State University's main campus. "The Del Taco brand has been so well received in the Phoenix-metro area, so we are thrilled to open up in a new neighborhood, where Tempe residents and our beloved Sun Devils can get all their Del Taco favorites in an even mor
LAKE FOREST, Calif., April 14, 2022 (GLOBE NEWSWIRE) -- As inflation continues to skyrocket prices on everything from gas to rent and more, Del Taco, the nation's second largest Mexican quick service restaurant*, continues to offer the largest variety of drinks and fresh-made items under $2 in the quick service category. Starting today, Del Taco's popular 20 Under $2 menu will include three new Chicken Cheddar Rollers made with freshly grilled, marinated chicken, freshly grated cheddar cheese, and a choice of three savory sauces rolled in a warm flour tortilla. Del Taco's latest Poppers drinks are also back for a limited time in two exciting new flavors, Purple Pear Lemonade Poppers and Pu
Jack in the Box Inc. (NASDAQ:JACK) announced today that it has completed its previously announced acquisition of Del Taco Restaurants, Inc. (NASDAQ:TACO) for approximately $585 million. With the close of the acquisition, Jack in the Box and Del Taco are now positioned as stronger QSR players with greater scale and the ability to enhance the guest experience while pursuing profitable growth. With similar guest profiles, menu offerings and company cultures – both priding themselves on serving guests with unique variety, quality, innovation and value – they are both confident they will unlock significant opportunities for franchisees, employees, investors, and guests alike. "Today marks an i
LAKE FOREST, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Del Taco Restaurants, Inc. (NASDAQ:TACO), the nation's second largest Mexican quick service restaurant*, is calling all seafood lovers back with the return of the greatly anticipated seasonal favorite Crispy Jumbo Shrimp just in time for the Lenten season. In addition to Del Taco's classic annual favorites the Crispy Jumbo Shrimp Burrito and Taco, this year guests can try the NEW Stuffed Quesadilla Jumbo Shrimp Taco (also available with fresh house-made guacamole) for a limited time only. "We launched our Stuffed Quesadilla Tacos a few months ago and they have quickly become one of the most popular items on our menu thanks to the ama
LAKE FOREST, Calif., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Del Taco Restaurants, Inc. (NASDAQ:TACO), the nation's second largest Mexican quick service restaurant*, opened its highly anticipated Fresh Flex location at 5260 US HWY 192 in Orlando, FL last month. Part of the brand's "Menu of Venues" strategy, which allows for greater flexibility and scalabilty for franchisees, the new sleek Fresh Flex design maximizes consumer convenience, improves operational efficiency and delivers an elevated brand and guest experience. The new Fresh Flex design is completely tech enabled and includes options such as mobile app and third-party pick-up lockers, double drive-thru lanes with dedicated lanes for m
LAKE FOREST, Calif., Jan. 13, 2022 (GLOBE NEWSWIRE) -- After recently announcing its all new 20 Under $2 value menu, Del Taco Restaurants, Inc. (NASDAQ:TACO), the nation's second largest Mexican quick service restaurant*, announces another stellar deal, this time with a celestial twist. Starting tomorrow through February 3, and repeating all four times when Mercury is in retrograde this year, Del Yeah! Rewards members can enjoy a buy-one-get-one (BOGO) free Chicken Taco Del Carbon, regular or Guac'd Up**, from the new 20 under $2 value menu***. Mercury in retrograde is the celestial optical illusion in which the planet Mercury appears to move backwards, and is often associated with mis
The IPO market saw record listings and capital raised in 2021. Several well-known big name companies joined the public markets in 2021, while other private companies delayed their listings or chose to raise private capital instead. Several carryovers from 2021 could go public in 2022m along with some new rumored companies. Here is a look at seven companies that could be among the biggest IPOs in 2022 if they materialize. Reddit: One of the most highly anticipated IPOs of 2022 will likely be Reddit, which recently filed confidential paperwork to go public. The company, which is home to the popular WallStreetBets subreddit, saw an increase in users and usage in 2021. Reddit reported 366 m
Upgrades For CarMax Inc (NYSE:KMX), JP Morgan upgraded the previous rating of Neutral to Overweight. For the second quarter, CarMax had an EPS of $1.72, compared to year-ago quarter EPS of $1.79. The stock has a 52-week-high of $155.98 and a 52-week-low of $90.30. At the end of the last trading period, CarMax closed at $144.50. According to Evercore ISI Group, the prior rating for RPM International Inc (NYSE:RPM) was changed from In-Line to Outperform. In the first quarter, RPM International showed an EPS of $1.08, compared to $1.44 from the year-ago quarter. The current stock performance of RPM International shows a 52-week-high of $99.30 and a 52-week-low of $76.43. Moreover, at the
The restaurant sector was hit hard by the COVID-19 pandemic, with many companies that relied on dine-in guests seeing significant revenue declines. Companies that had strong drive-thru sales and third-party delivery services saw strength in different times of the pandemic. Recent Deals, IPOs: Activity in restaurant stocks has also picked up on the public markets with several IPOs and deals announced. On Monday, Jack in the Box Inc (NASDAQ:JACK) announced it was acquiring Del Taco Restaurants (NASDAQ:TACO) for $575 million. The deal will give the combined company over 2,800 locations in 25 states. Del Taco is the second-largest Mexican QSR chain by units, with over 600 locations in 16 stat
Benchmark analyst Todd Brooks downgrades Del Taco Restaurants (NASDAQ:TACO) from Buy to Hold.
Jefferies analyst Alexander Slagle downgrades Del Taco Restaurants (NASDAQ:TACO) from Buy to Hold and lowers the price target from $14 to $12.51.
Gainers Insignia Systems, Inc. (NASDAQ:ISIG) shares jumped 200.4% to close at $15.05 on Monday after the company announced the commencement of a formal process to explore strategic options to maximize shareholder value, including potential merger or acquisition. Del Taco Restaurants, Inc. (NASDAQ:TACO) shares climbed 66.1% to close at $12.51 on Monday. Jack In The Box Inc (NASDAQ:JACK) agreed to acquire Del Taco Restaurants for $12.51 per share in cash in a deal valued at about $575 million. Cumberland Pharmaceuticals Inc. (NASDAQ:CPIX) rose 51.2% to settle at $6.94 on above-average volume. Adicet Bio, Inc. (NASDAQ:ACET) shares gained 38.5% to close at $13.57 after the company annou
Wedbush analyst Nick Setyan downgrades Del Taco Restaurants (NASDAQ:TACO) from Outperform to Neutral and lowers the price target from $15 to $12.5.
Toward the end of trading Monday, the Dow traded up 2.11% to 35,308.84 while the NASDAQ rose 1.24% to 15,272.25. The S&P also rose, gaining 1.51% to 4,607.08. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 49,969,850 cases with around 808,760 deaths. India confirmed a total of at least 34,641,560 cases and 473,530 deaths, while Brazil reported over 22,143,090 COVID-19 cases with 615,670 deaths. In total, there were at least 266,264,960 cases of COVID-19 worldwide with more than 5,273,750 deaths. Leading and Lagging Sectors Energy shares climbed 2.3% on Monday. Meanwhile, top gainers in the sector included Ranger Oil Corporation (NASDA
Gainers Del Taco Restaurants (NASDAQ:TACO) shares increased by 66.0% to $12.5 during Monday's regular session. The current volume of 7.9 million shares is 3748.77% of Del Taco Restaurants's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $454.9 million. Aterian (NASDAQ:ATER) stock rose 14.91% to $4.7. Trading volume for this security as of 12:30 EST is 2.6 million, which is 10.66% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $251.5 million. Vasta Platform (NASDAQ:VSTA) shares moved upwards by 14.69% to $2.81. As of 12:30 EST, this security is trading
Midway through trading Monday, the Dow traded up 1.94% to 35,251.31 while the NASDAQ rose 0.55% to 15,168.35. The S&P also rose, gaining 1.20% to 4,592.83. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 49,969,850 cases with around 808,760 deaths. India confirmed a total of at least 34,641,560 cases and 473,530 deaths, while Brazil reported over 22,143,090 COVID-19 cases with 615,670 deaths. In total, there were at least 266,264,960 cases of COVID-19 worldwide with more than 5,273,750 deaths. Leading and Lagging Sectors Utilities shares climbed 2.4% on Monday. Meanwhile, top gainers in the sector included PG&E Corporation (NYSE:PCG),