Del Taco Restaurants, Inc. Expected to Earn FY2017 Earnings of $0.54 Per Share (TACO)
Del Taco Restaurants, Inc. (NASDAQ:TACO) – Stock analysts at Jefferies Group dropped their FY2017 earnings estimates for shares of Del Taco Restaurants in a research report issued on Thursday. Jefferies Group analyst A. Slagle now anticipates that the restaurant operator will earn $0.54 per share for the year, down from their previous forecast of $0.55. Jefferies Group currently has a “Buy” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for Del Taco Restaurants’ Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.14 EPS and Q4 2018 earnings at $0.20 EPS.
Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies restated a “hold” rating and issued a $13.00 price target on shares of Del Taco Restaurants in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub cut shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, BTIG Research decreased their price target on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Del Taco Restaurants has a consensus rating of “Hold” and a consensus price target of $16.67.
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Del Taco Restaurants (TACO) opened at 12.53 on Monday. Del Taco Restaurants has a 52 week low of $11.58 and a 52 week high of $15.99. The company has a market capitalization of $484.74 million, a PE ratio of 22.06 and a beta of -0.20. The firm has a 50-day moving average of $14.93 and a 200-day moving average of $13.60.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.92%. The firm had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. During the same period last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in TACO. FMR LLC increased its position in Del Taco Restaurants by 21.6% in the 1st quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after acquiring an additional 749,348 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Del Taco Restaurants by 2,349.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 594,017 shares of the restaurant operator’s stock valued at $8,168,000 after purchasing an additional 569,769 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Del Taco Restaurants by 35.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,603,064 shares of the restaurant operator’s stock valued at $21,257,000 after purchasing an additional 422,749 shares during the last quarter. RK Capital Management LLC boosted its stake in shares of Del Taco Restaurants by 78.2% in the 2nd quarter. RK Capital Management LLC now owns 690,387 shares of the restaurant operator’s stock valued at $9,493,000 after purchasing an additional 303,000 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Del Taco Restaurants in the 1st quarter valued at $3,835,000. Hedge funds and other institutional investors own 69.94% 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.
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