Del Taco Restaurants Inc (NASDAQ:TACO) – Investment analysts at Wedbush cut their Q4 2018 earnings per share estimates for Del Taco Restaurants in a research note issued on Wednesday, October 17th, Zacks Investment Research reports. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.17 per share for the quarter, down from their previous estimate of $0.23. Wedbush also issued estimates for Del Taco Restaurants’ Q3 2019 earnings at $0.16 EPS.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $119.84 million. Del Taco Restaurants had a net margin of 9.81% and a return on equity of 4.93%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share.
TACO has been the subject of several other reports. BidaskClub downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Maxim Group cut their price target on shares of Del Taco Restaurants from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. TheStreet upgraded shares of Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Finally, Citigroup cut their price target on shares of Del Taco Restaurants from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.75.
Shares of NASDAQ:TACO traded up $0.19 during midday trading on Friday, hitting $11.75. 584,358 shares of the company’s stock were exchanged, compared to its average volume of 865,498. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24. The company has a market cap of $438.82 million, a PE ratio of 22.60, a PEG ratio of 1.32 and a beta of 0.07. Del Taco Restaurants has a 12 month low of $9.45 and a 12 month high of $14.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Del Taco Restaurants in the second quarter valued at about $111,000. Trexquant Investment LP purchased a new position in Del Taco Restaurants in the third quarter valued at about $163,000. Bank of Montreal Can boosted 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 acquiring an additional 14,169 shares during the last quarter. Group One Trading L.P. boosted its stake in Del Taco Restaurants by 150.5% in the third quarter. Group One Trading L.P. now owns 16,823 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 10,106 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Del Taco Restaurants in the second quarter valued at about $285,000. Hedge funds and other institutional investors own 78.00% 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 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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