Del Taco Restaurants, Inc. (NASDAQ:TACO) – Investment analysts at Dougherty & Co decreased their Q4 2017 earnings per share (EPS) estimates for shares of Del Taco Restaurants in a research report issued on Monday. Dougherty & Co analyst J. Hamblin now anticipates that the restaurant operator will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.19. Dougherty & Co also issued estimates for Del Taco Restaurants’ FY2018 earnings at $0.55 EPS.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a return on equity of 5.92% and a net margin of 4.78%. The company had revenue of $110.99 million during the quarter, compared to analyst estimates of $110.46 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis.

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Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, August 1st. Wedbush reiterated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, September 13th. BTIG Research reiterated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research note on Monday, September 25th. Maxim Group reiterated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Del Taco Restaurants presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Del Taco Restaurants (TACO) opened at 12.56 on Tuesday. Del Taco Restaurants has a 52 week low of $11.58 and a 52 week high of $15.99. The company’s 50-day moving average price is $14.89 and its 200-day moving average price is $13.60. The company has a market capitalization of $485.90 million, a price-to-earnings ratio of 22.11 and a beta of -0.20.

Several hedge funds have recently bought and sold shares of the company. FMR LLC grew its position in shares of Del Taco Restaurants by 11.1% in the second quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock valued at $64,421,000 after purchasing an additional 467,077 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Del Taco Restaurants by 21.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,943,765 shares of the restaurant operator’s stock valued at $26,727,000 after purchasing an additional 340,701 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Del Taco Restaurants by 11.2% in the second quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock valued at $18,854,000 after purchasing an additional 137,941 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of Del Taco Restaurants by 24.4% in the second quarter. Lord Abbett & CO. LLC now owns 742,868 shares of the restaurant operator’s stock valued at $10,214,000 after purchasing an additional 145,736 shares in the last quarter. Finally, RK Capital Management LLC grew its position in shares of Del Taco Restaurants by 78.2% in the second 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 in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Del Taco Restaurants

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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