Del Taco Restaurants, Inc. (NASDAQ:TACO) – Research analysts at Wedbush boosted their Q3 2017 earnings estimates for Del Taco Restaurants in a research note issued to investors on Wednesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $0.14 per share for the quarter, up from their previous forecast of $0.13. Wedbush currently has a “Buy” rating on the stock. Wedbush also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.20 EPS.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The business had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.08 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Wedbush Analysts Increase Earnings Estimates for Del Taco Restaurants, Inc. (TACO)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/14/wedbush-analysts-increase-earnings-estimates-for-del-taco-restaurants-inc-taco.html.

A number of other research analysts have also weighed in on TACO. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, May 17th. Maxim Group reissued a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a research note on Thursday, June 22nd. BidaskClub lowered Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price target on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.17.

Shares of Del Taco Restaurants (NASDAQ:TACO) opened at 14.45 on Thursday. Del Taco Restaurants has a 52 week low of $10.92 and a 52 week high of $15.32. The stock has a 50 day moving average price of $13.19 and a 200-day moving average price of $13.07. The firm has a market capitalization of $559.01 million, a PE ratio of 25.44 and a beta of -0.22.

Several hedge funds have recently added to or reduced their stakes in TACO. Wells Fargo & Company MN increased its holdings in shares of Del Taco Restaurants by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock worth $345,000 after buying an additional 200 shares during the last quarter. Boston Partners increased its holdings in shares of Del Taco Restaurants by 8.5% during the 1st quarter. Boston Partners now owns 426,440 shares of the restaurant operator’s stock worth $5,654,000 after buying an additional 33,510 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Del Taco Restaurants during the 1st quarter worth $322,000. Engineers Gate Manager LP increased its holdings in Del Taco Restaurants by 49.0% in the 1st quarter. Engineers Gate Manager LP now owns 47,154 shares of the restaurant operator’s stock valued at $625,000 after purchasing an additional 15,512 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in Del Taco Restaurants by 3.1% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,851,486 shares of the restaurant operator’s stock valued at $24,551,000 after purchasing an additional 55,672 shares in the last quarter. Institutional investors and hedge funds own 70.32% of the company’s stock.

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.

Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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