Del Taco Restaurants, Inc. (NASDAQ:TACO) – Equities researchers at Wedbush cut their FY2018 earnings estimates for Del Taco Restaurants in a research note issued to investors on Wednesday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.59 per share for the year, down from their prior estimate of $0.60. Wedbush has a “Buy” rating and a $17.00 price target on the stock.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.08 million. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/09/15/fy2018-eps-estimates-for-del-taco-restaurants-inc-reduced-by-wedbush-taco.html.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.17.

Del Taco Restaurants (TACO) traded up 0.579% during midday trading on Friday, reaching $14.775. 159,546 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.30 and a 200 day moving average of $13.09. The company has a market cap of $571.59 million, a P/E ratio of 26.012 and a beta of -0.22. Del Taco Restaurants has a 52-week low of $10.95 and a 52-week high of $15.32.

A number of hedge funds and other institutional investors have recently modified their holdings of TACO. FMR LLC raised its stake in Del Taco Restaurants by 21.6% during the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock worth $55,932,000 after acquiring an additional 749,348 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Del Taco Restaurants by 2,349.8% in the second quarter. UBS Asset Management Americas Inc. now owns 594,017 shares of the restaurant operator’s stock valued at $8,168,000 after buying an additional 569,769 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 35.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,603,064 shares of the restaurant operator’s stock valued at $21,257,000 after buying an additional 422,749 shares during the period. RK Capital Management LLC acquired a new position in shares of Del Taco Restaurants in the first quarter valued at approximately $5,137,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Del Taco Restaurants in the first quarter valued at approximately $4,148,000. 70.32% of the stock is owned by hedge funds and other 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.

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

Receive News & Ratings for Del Taco Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.