Del Taco Restaurants, Inc. (NASDAQ:TACO) – Research analysts at Dougherty & Co dropped their FY2017 EPS estimates for Del Taco Restaurants in a report issued on Monday. Dougherty & Co analyst J. Hamblin now forecasts that the restaurant operator will post earnings of $0.54 per share for the year, down from their previous estimate of $0.56.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The firm had revenue of $110.99 million for the quarter, compared to the consensus estimate of $110.46 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue was up 6.3% compared to the same quarter last year.

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

Del Taco Restaurants (NASDAQ:TACO) opened at 12.40 on Wednesday. The stock has a market cap of $479.71 million, a P/E ratio of 21.83 and a beta of -0.20. Del Taco Restaurants has a 52 week low of $11.58 and a 52 week high of $15.99. The stock has a 50 day moving average price of $14.82 and a 200-day moving average price of $13.60.

In other Del Taco Restaurants news, Director Lawrence F. Levy purchased 200,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were acquired at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 14.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its stake in shares of Del Taco Restaurants by 24.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 742,868 shares of the restaurant operator’s stock worth $10,214,000 after acquiring an additional 145,736 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Del Taco Restaurants during the 2nd quarter worth $560,000. California State Teachers Retirement System boosted its stake in shares of Del Taco Restaurants by 28.1% during the 2nd quarter. California State Teachers Retirement System now owns 58,409 shares of the restaurant operator’s stock worth $803,000 after acquiring an additional 12,800 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Del Taco Restaurants by 43.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,872 shares of the restaurant operator’s stock worth $356,000 after acquiring an additional 7,802 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Del Taco Restaurants during the 2nd quarter worth $249,000. Institutional investors and hedge funds own 69.93% 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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