Del Taco Restaurants Inc (NASDAQ:TACO) – Analysts at Piper Jaffray Companies decreased their FY2018 earnings per share estimates for Del Taco Restaurants in a research report issued on Tuesday, October 16th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will post earnings of $0.56 per share for the year, down from their previous forecast of $0.60. Piper Jaffray Companies currently has a “Neutral” rating and a $14.00 target price on the stock. Piper Jaffray Companies also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.58 EPS.
Several other brokerages have also recently commented on TACO. Dougherty & Co upped their target price on Del Taco Restaurants from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, July 6th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Saturday, July 7th. ValuEngine upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. TheStreet upgraded Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Finally, BidaskClub cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Del Taco Restaurants currently has an average rating of “Hold” and an average price target of $15.13.
Shares of TACO stock opened at $10.13 on Thursday. Del Taco Restaurants has a one year low of $9.45 and a one year high of $15.67. The company has a market capitalization of $452.32 million, a P/E ratio of 19.48, a P/E/G ratio of 1.24 and a beta of -0.08. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The company had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $119.84 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners lifted its stake in Del Taco Restaurants by 1.0% in the second quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock valued at $5,700,000 after buying an additional 3,920 shares during the period. First Trust Advisors LP lifted its stake in Del Taco Restaurants by 17.3% in the second quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 6,042 shares during the period. SG Americas Securities LLC acquired a new position in Del Taco Restaurants in the second quarter valued at approximately $111,000. Bank of Montreal Can lifted its stake in Del Taco Restaurants by 6,440.5% in the third quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock valued at $170,000 after buying an additional 14,169 shares during the period. Finally, North Star Investment Management Corp. lifted its stake in Del Taco Restaurants by 8.1% in the third quarter. North Star Investment Management Corp. now owns 199,400 shares of the restaurant operator’s stock valued at $2,355,000 after buying an additional 15,000 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
About Del Taco Restaurants
Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.
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