Del Taco Restaurants, Inc. (NASDAQ:TACO) – Wedbush cut their Q4 2017 earnings estimates for shares of Del Taco Restaurants in a research report issued on Friday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.19. Wedbush currently has a “Buy” rating and a $17.00 price target on the stock. Wedbush also issued estimates for Del Taco Restaurants’ Q3 2018 earnings at $0.15 EPS and FY2018 earnings at $0.60 EPS.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $108.60 million during the quarter, compared to analyst estimates of $107.08 million. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.92%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Maxim Group restated a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Del Taco Restaurants in a research note on Friday, May 5th. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $13.00 target price on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Del Taco Restaurants currently has a consensus rating of “Buy” and a consensus target price of $15.57.
Del Taco Restaurants (TACO) traded up 0.9114% during mid-day trading on Monday, hitting $13.2093. 97,176 shares of the company’s stock traded hands. Del Taco Restaurants has a one year low of $9.96 and a one year high of $15.32. The firm’s 50-day moving average price is $13.33 and its 200-day moving average price is $13.21. The stock has a market cap of $511.02 million, a PE ratio of 23.2558 and a beta of -0.19.
In other news, Director Eileen A. Aptman purchased 26,010 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average price of $12.97 per share, with a total value of $337,349.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TACO. Municipal Employees Retirement System of Michigan purchased a new position in Del Taco Restaurants during the second quarter valued at approximately $338,000. Kirr Marbach & Co. LLC IN raised its position in Del Taco Restaurants by 45.7% in the second quarter. Kirr Marbach & Co. LLC IN now owns 31,880 shares of the restaurant operator’s stock valued at $438,000 after buying an additional 10,000 shares during the period. Bank of Montreal Can raised its position in Del Taco Restaurants by 5,995.7% in the second quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 9,653 shares during the period. Pleasant Lake Partners LLC purchased a new position in Del Taco Restaurants during the first quarter valued at approximately $1,925,000. Finally, Highbridge Capital Management LLC purchased a new position in Del Taco Restaurants during the first quarter valued at approximately $869,000. 68.51% of the stock is currently owned by institutional investors.
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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