Del Taco Restaurants (TACO) Announces Quarterly Earnings Results

Del Taco Restaurants (NASDAQ:TACO) posted its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02), Briefing.com reports. The business had revenue of $146.50 million for the quarter, compared to the consensus estimate of $147.35 million. Del Taco Restaurants had a net margin of 10.58% and a return on equity of 5.35%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Del Taco Restaurants updated its FY18 guidance to $0.59-$0.63 EPS.

TACO opened at $10.68 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.41. Del Taco Restaurants has a 1-year low of $10.15 and a 1-year high of $15.99. The firm has a market capitalization of $410.21, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.11 and a beta of -0.02.

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Several equities analysts have commented on the company. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Wedbush reaffirmed a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a report on Tuesday, January 9th. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a report on Friday, December 22nd. Finally, Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.50.

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About Del Taco Restaurants

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

Earnings History for Del Taco Restaurants (NASDAQ:TACO)

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