Del Taco Restaurants Inc (NASDAQ:TACO) – Stock analysts at Piper Jaffray Companies decreased their Q4 2019 EPS estimates for shares of Del Taco Restaurants in a report released on Monday, March 18th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will earn $0.17 per share for the quarter, down from their prior forecast of $0.19.
Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Maxim Group reaffirmed a “buy” rating on shares of Del Taco Restaurants in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, November 29th. ValuEngine raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Del Taco Restaurants presently has an average rating of “Hold” and a consensus price target of $14.29.
Del Taco Restaurants stock opened at $9.91 on Thursday. The company has a market capitalization of $367.13 million, a PE ratio of 17.70, a P/E/G ratio of 1.22 and a beta of 0.20. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.83. The company has a current ratio of 0.59, a quick ratio of 0.24 and a debt-to-equity ratio of 0.42.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Monday, March 18th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $157.30 million during the quarter, compared to analysts’ expectations of $157.01 million. Del Taco Restaurants had a net margin of 3.75% and a return on equity of 5.12%. Del Taco Restaurants’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share.
A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in Del Taco Restaurants by 24.1% during the 4th quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 1,145 shares during the period. Citigroup Inc. lifted its stake in shares of Del Taco Restaurants by 13.2% in the 4th quarter. Citigroup Inc. now owns 15,141 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 1,760 shares during the period. Emerald Advisers LLC increased its holdings in shares of Del Taco Restaurants by 0.3% in the 4th quarter. Emerald Advisers LLC now owns 856,746 shares of the restaurant operator’s stock valued at $8,559,000 after purchasing an additional 2,290 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Del Taco Restaurants by 10.2% in the 4th quarter. Prudential Financial Inc. now owns 56,798 shares of the restaurant operator’s stock valued at $567,000 after purchasing an additional 5,268 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in Del Taco Restaurants by 10.7% during the 3rd quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock valued at $771,000 after acquiring an additional 6,301 shares in the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.
Del Taco Restaurants Company Profile
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 December 10, 2018, it operated approximately 560 restaurants across 14 states.
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