Del Taco Restaurants Stock News

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

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 states. Firehouse Subs is set to be acquired by Restaurant Brands International (NYSE: QSR ) for $1 billion recently, in a move that will diversify the owner of Burger King and Tim Hortons. The company has been actively pursuing acquisitions. Firehouse Brands has over 1,200 units in 46 states, which are 97% franchised.

TACO vs. CMG: Which Stock Is the Better Value Option?

Jefferies Financial Group lowered shares of Del Taco Restaurants (NASDAQ:TACO) to a hold rating in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. They currently have $12.51 target price on the restaurant operators stock, down from their previous target price of $14.00. Several other research firms have also commented on []

Del Taco (TACO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Jack in the Box (JACK) reaches an agreement to buy Del Taco Restaurants for $575 million, including existing debt.

Jack in the Box has acquired Del Taco Restaurants for $455.3 million. The deal is a strategic decision as the fast-food restaurant company is looking to expand its customer base and capitalize on the Mexican fast-food

Zacks Investment Research downgraded shares of Del Taco Restaurants (NASDAQ:TACO) from a buy rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. []

NEW YORK, Dec. 6, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Del Taco Restaurants, Inc. ("Del Taco" or the "Company") (NASDAQ: TACO), in connection with the proposed acquisition of the

Three years after ditching Qdoba Mexican Eats, Jack in the Box is scooping up Del Taco in a $575 million deal.

The two restaurant chains are linking up to create a bigger, bolder fast-food competitor.

NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Del Taco Restaurants, Inc. (NASDAQ: TACO) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Jack in the Box Inc (NASDAQ: JACK).

Gainers Del Taco Restaurants, Inc. (NASDAQ: TACO ) shares jumped 64.6% to $12.40. 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. BuzzFeed (NASDAQ: BZFD) surged 37.2% to $13.20. The company has called itself "the first publicly traded purely digital media company." Buzzfeed started trading on the Nasdaq today. Insignia Systems, Inc. (NASDAQ: ISIG ) gained 31.5% to $6.59 after the company reported review of strategic alternatives. Adicet Bio, Inc. (NASDAQ: ACET ) shares climbed 28.2% to $12.56 after the company announced interim data from its dose escalation Phase 1 study evaluating the safety and tolerability of ADI-001. Cloopen Group Holding Limited (NYSE: RAAS ) gained 23% to $3.3174. Sunlands Technology Group (NYSE: STG ) jumped 18.2% to $3.7850. Sunlands Technology announced that its Board has approved a share repurchase program to repurchase up to $15 million of its Class A ordinary shares.

SAN DIEGO AND LAKE FOREST, CALIF. Jack in the Box Inc. (NASDAQ: JACK) and Del Taco Restaurants (NASDAQ: TACO) have entered into a merger agreement valued at approximately $575 [] The post Jack in the Box, Del Taco Enter into $575M Merger Agreement appeared first on REBusinessOnline .