|Bid||12.45 x 2200|
|Ask||12.54 x 3100|
|Day's Range||12.31 - 12.60|
|52 Week Range||9.46 - 14.25|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||27.51|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.67|
Cinco de Mayo is this weekend, so let the celebrations begin! Yahoo Finance's Zack Guzman and Jeanie Ahn are joined by Heidi Learner, Savills Chief Economist, to discuss the biggest deals you can find.
LAKE FOREST, Calif., July 18, 2019 -- Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant,* today announced a sweet product.
Del Taco Restaurants, Inc. , the second largest Mexican-American quick service restaurant chain by units in the United States, will announce fiscal second quarter 2019 financial results on Monday, July 29, 2019 after the market closes.
Restaurant Brands International (NYSE:QSR) rolled out tacos at their Burger King chain recently and the fans jeered.Source: Shutterstock It was easy to see why. The Burger King version is a thoroughly American creation of ground beef and hamburger toppings inside a crisped shell. It's not even as good as Taco Bell, the YUM! Brands (NYSE:YUM) chain that was once sued by customers claiming the meat inside wasn't actually meat.But the move does hint at something. Taco sales are up 4% in 2019. People like them. They're also cheap and easy to make. For operators dedicated to growth like Restaurant Brands International, tacos are a natural fit. Note that QSR stock has risen nearly 40% so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Brazilian MagicThe Brazilians at 3G Capital formed Restaurant Brands in 2014, combining the Burger King and Tim Horton's chains. In 2017 they added Popeye's, a chicken franchise.Under their zero-based budgeting system, in which every dollar spent must be justified every year, the chains have thrived. The shares are up 70% since the merger. There's a 50 cent per share dividend yielding 2.81%, and 2018 sales were up 17%. There is 65 cents per share of profit on $1.39 billion in sales expected for the June quarter, which will be reported July 31. * 10 Stocks to Buy for Less Than Book It's a stark contrast to 3G's other big deal, Kraft Heinz (NASDAQ:KHC), which has been a disaster for shareholders since its formation at the start of 2015. Those shares are down 60% despite a dividend now yielding 5.11%.Fast food yields to the zero-based touch more easily than food manufacturing. Corporate franchisees can crunch the numbers as just-another operational detail.But, as a recent lawsuit by Tim Horton's franchisees shows, you can only squeeze a concept so far. Critics have recently called QSR stock overvalued. The best way to keep growing may be with another franchise. Some Tacos?Mexican food can be a home run, if done right. Just look at Chipotle Mexican Grill (NYSE:CMG), which has now recovered from its scandals. CMG stock is up 70% so far in 2019.All this brought me to Del Taco Restaurants (NASDAQ:TACO). (I've got a little interest in Del Taco. My brother once worked in one and burned his hand in a fryer.)Del Taco has had a turbulent history but it makes a decent taco. They had sales of $505 million in fiscal 2019 and showed a small profit. The market cap is about $461 million, just short of the sales figure. QSR sells for over 3.5 times sales.Del Taco has just the right size and just the right menu for an operator who wants to make it a national franchise. The fast food business is consolidating. The last two years have seen over 70 deals in the space. Private equity groups Roark Capital and JAB Holding are gobbling up chains by the handful. They're all chasing YUM! Brands, which owns Taco Bell and McDonald's (NYSE:MCD), which has more than doubled in value under CEO Steve Easterbrook. Bottom Line on QSR StockThe trend in fast food is for good operators to expand through acquisition and squeeze out fatter margins from chains and franchises. That's QSR's business model.It's a tough business that is rapidly consolidating. There aren't many profitable operations of reasonable size left to be gobbled up. Tacos are a growing business and Del Taco would be a tasty bite for an acquirer. See how quickly QSR, or one of its rivals, pounces on it.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Restaurant Brands International: Burger King Needs a Better Taco appeared first on InvestorPlace.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Did Beyond Meat (NASDAQ:BYND) just begin a cooldown? The Beyond Meat stock price fell from over $200 per share to around $165 per share as one restaurant chain opted not to include its plant-based meat on their menu. This ended a meteoric rise in the stock from when it launched its IPO in early May.Source: Shutterstock Whether this constitutes profit-taking or a sustained move down remains unclear. However, given its current multiple and the lack of a catalyst to take BYND further, investors should probably stay away. A Closer Look at Beyond Meat StockBeyond stock fell as Yum! Brands (NYSE:YUM) restaurant chain Taco Bell announced that they would stay with their current vegetarian options. This also stopped the momentum that had taken BYND stock to more than eight times its IPO price in less than two months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMany might see this drop as a "buying opportunity." With an increased focus on healthy food, this could well be just the beginning for plant-based meat products. Moreover, even for traders who see the run-up as concerning, Taco Bell's decision not to go with Beyond Meat does not justify such a drop.Beyond Meat counts many prominent restaurant chains as clients. Del Taco Restaurants (NASDAQ:TACO) reported that they sold about two million Beyond Meat tacos since April. Consequently, they will add two burritos featuring the meat substitute. Plant-based meat has also found its way on the menus of other restaurants. Both Carl's Jr. and TGI Friday's feature items with Beyond Meat products.Beyond Meat stock also benefits from its status as the only stock in this nascent industry. Its most direct peer, Impossible Foods, remains private. Tyson Foods (NYSE:TSN) also plans to offer a plant-based protein of their own, though they have not introduced such a product. Watch the ValuationStill, before placing buy orders on Beyond Meat, traders need to exercise caution. Several analysts have turned on BYND stock due to valuation concerns, and analysts project losses until at least next year. Most investors can understand this as Beyond Meat trades at around 87 times sales!Many might also question the $10 billion market cap. Wall Street predicts $204.97 million in revenue for the year. Even if the 63.5% revenue growth rate for 2020 comes to pass, prospective buyers need to act cautiously in such cases.Investors should also note that hot stocks take on higher risk in the food industry. Hot tech stocks tend to support higher multiples over long periods, making stocks with high valuations less risky. However, food industry stocks rarely gain premium price-to-earnings (PE) ratios or attention.Tyson trades at less than 14 times earnings. Also, Food wholesalers tend to trade at multiples in the teens, lagging S&P 500 averages. Should Beyond Meat lose its sizzle, it could easily fall to such multiples.Moreover, investors may have other stock choices in this industry soon. Impossible Foods does not plan an IPO so far. Still, the success of BYND stock could change those plans. Further, as Tyson or other food producers enter the business, some investors might opt for those stocks. Final Thoughts on Beyond Meat StockThe multiple on Beyond Meat stock makes the equity unpredictable. The plant-based meat industry could amount to a game-changer in the food industry. Consequently, traders have bid the price-to-sales multiple on the equity into the stratosphere.However, while the stock might trade at higher levels years from now, the short and medium term could become challenging. In most cases, failure to gain a customer such as Taco Bell would not have led to such a massive selloff in an equity. Still, with no obvious catalyst to take it beyond current levels, Beyond Meat could fall.Moreover, seeing the stock trade at more than 87 times sales indicates a likely bubble. Most of its industry peers trade at multiples below S&P 500 averages. If BYND falls due to a turn in sentiment, it could leave investors underwater in this equity for years.As we just saw with Beyond Meat stock recently, speculation in hot stocks can bring tremendous returns. However, at this point, such investors might fare better in an equity with more potential upside than BYND stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Watch for a Bubble as Beyond Meat Stock Begins to Cool appeared first on InvestorPlace.
Del Taco Restaurants Inc. said Thursday it is expanding its partnership with Beyond Meat Inc. and will offer two new burritos containing that company's plant-based protein. The Mexican fast-food chain said it has sold almost two million Beyond Tacos and Beyond Avocado Tacos since adding those options to its menu in April. "The enthusiasm shown by our fans during the first weeks of our Beyond Meat offerings was undeniable," Del Taco Chief Executive John Cappasola said in a statement. The company is now adding the Beyond 8 Layer Burrrito and the Epic Beyond Cali Burrito to its menu at more than 580 locations across the U.S. Beyond Meat shares rose 2.5% premarket on the news. Del Taco shares were up 1.8% premarket and have gained 14.8% in the last 12 months, while the S&P 500 has gained 16.7%.
LAKE FOREST, Calif., June 20, 2019 -- Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant,* today announced that after one.
Just two months after the launch of Beyond Tacos, tacos made with Beyond Meat’s plant-based protein, Del Taco Restaurants is now unveiling Beyond burritos.
Beyond Meat's growth is exploding and its stock is skyrocketing. An early investor reveals the most interesting thing he sees in the company's first-ever earnings report.
Investors are always looking for growth in small-cap stocks like Del Taco Restaurants, Inc. (NASDAQ:TACO), with a...
Del Taco (TACO) delivered earnings and revenue surprises of -33.33% and -0.34%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Lake Forest, California-based company said it had net income of 4 cents. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by ...
Shares of Del Taco Restaurants Inc. fell nearly 6% in the extended session Monday after the fast-food chain missed profit expectations, saying its comparable-restaurant sales and transactions were "adversely impacted" by bad weather in California and throughout the West as well as a delayed Lenten season. Del Taco earned $1.4 million, or 4 cents a share, in the quarter, compared with $3.2 million, or 8 cents a share, in the year-ago quarter. Adjusted for one-time items, Del Taco earned $1.7 million, or 4 cents a share. Revenue rose 1.5% to $114.2 million. Analysts polled by FactSet had expected adjusted earnings of 6 cents a share on sales of $114.2 million.
NEW YORK, NY / ACCESSWIRE / May 6, 2019 / Del Taco Restaurants, Inc. (NASDAQ: TACO ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 6, 2019 at 4:30 PM ...
Del Taco Restaurants, Inc. (NASDAQ: TACO ) announces its next round of earnings this Monday, May 6. Here's Benzinga's look at Del Taco's first-quarter earnings report. Earnings and Revenue Wall Street ...
Beyond Meat is already looking beyond its plant-based products that look and taste like ground beef and sausage.
Del Taco Restaurants, Inc. , the second largest Mexican-American quick service restaurant chain by units in the United States, recently commenced the marketing of certain company-operated restaurants across four non-core Western markets.