Del Taco Restaurants (NASDAQ:TACO) announced its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), Briefing.com reports. Del Taco Restaurants had a return on equity of 5.35% and a net margin of 10.58%. The company had revenue of $146.50 million for the quarter, compared to analyst estimates of $147.35 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Del Taco Restaurants updated its FY18 guidance to $0.59-$0.63 EPS.
Shares of TACO opened at $10.68 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.31. The company 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. Del Taco Restaurants has a 52-week low of $10.15 and a 52-week high of $15.99.
A number of brokerages have recently commented on TACO. BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Wedbush reissued a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research 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 research report on Monday, January 8th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Del Taco Restaurants has an average rating of “Hold” and a consensus target price of $16.50.
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Del Taco Restaurants Company Profile
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.
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