Del Taco Restaurants (TACO) Updates FY18 Earnings Guidance

Del Taco Restaurants (NASDAQ:TACO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.59-$0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62. The company issued revenue guidance of $506-$516 million, compared to the consensus revenue estimate of $507.52 million.

Shares of Del Taco Restaurants (NASDAQ TACO) traded down $0.23 on Wednesday, hitting $12.71. The company’s stock had a trading volume of 475,728 shares, compared to its average volume of 270,139. The company has a market capitalization of $498.94, a price-to-earnings ratio of 23.45, a PEG ratio of 1.33 and a beta of -0.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. Del Taco Restaurants has a 52-week low of $11.58 and a 52-week high of $15.99.

A number of analysts recently issued reports on TACO shares. Jefferies Group reiterated a buy rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research note on Friday, December 22nd. Zacks Investment Research upgraded Del Taco Restaurants from a sell rating to a hold rating in a research report on Tuesday, December 26th. Maxim Group restated a buy rating and set a $20.00 target price on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Wedbush restated a buy rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Tuesday, January 9th. Finally, BidaskClub cut Del Taco Restaurants from a hold rating to a sell rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $16.67.

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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.

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