BTIG sees Del Taco Restaurants (NASDAQ:TACO) as delivering one of the most significant ICR presentations this week off its announcement of a new value platform later this month.
"Management indicated that following several years of necessitated price increases, the $1 price point had become harder to maintain and it made sense to create a new platform rather than fix an existing one than had become unsustainable," reports analyst Peter Saleh.
Del Taco is placing a bigger focus on menu innovation this year, including new fresh guacamole items.
BTIG has a Neutral rating on Del Taco.
Now read: Changing My Tune On Chuy's »
Try Seeking Alpha PREMIUM for unlimited analysis on TACO