Del Taco Restaurants (TACO): Raising PT - Jefferies

October 18, 2016 9:14 AM EDT
Get Alerts TACO Hot Sheet
Price: $14.01 --0%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies analyst, Andy Barish, reiterated his Buy rating on shares of Del Taco Restaurants (NASDAQ: TACO) but raised his price target to $16 from $14 after EPS beat on better than expected SSS and lower food costs. System SSS accelerated to 6.7% (vs cons 3.7%) following the successful re-launch/refresh of TACO’s “Combined Solutions” program & rollout of the new "Del Taco" taco.

The analyst thinks the brand is well positioned to compete in this kind of environment, suggests buying the stock on improving fundamentals and an attractive valuation at 9x '17 EBITDA.

For an analyst ratings summary and ratings history on Del Taco Restaurants click here. For more ratings news on Del Taco Restaurants click here.

Shares of Del Taco Restaurants closed at $12.63 yesterday.

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