Del Taco Restaurants Inc Forecasted to Earn FY2018 Earnings of $0.55 Per Share (TACO)

Del Taco Restaurants Inc (NASDAQ:TACO) – Analysts at Dougherty & Co reduced their FY2018 EPS estimates for shares of Del Taco Restaurants in a research note issued to investors on Wednesday, October 17th. Dougherty & Co analyst J. Hamblin now anticipates that the restaurant operator will earn $0.55 per share for the year, down from their prior forecast of $0.58. Dougherty & Co has a “Buy” rating and a $17.00 price objective on the stock. Dougherty & Co also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.18 EPS and FY2019 earnings at $0.55 EPS.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $117.83 million for the quarter, compared to the consensus estimate of $119.84 million. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. Del Taco Restaurants’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share.

A number of other equities analysts also recently issued reports on the company. Maxim Group lowered their price target on Del Taco Restaurants from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. BTIG Research downgraded Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Wednesday. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.13.

Shares of TACO stock opened at $10.18 on Thursday. The company has a market cap of $452.32 million, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.24 and a beta of -0.08. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 12-month low of $9.45 and a 12-month high of $15.41.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners lifted its position in shares of Del Taco Restaurants by 1.0% in the second quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock valued at $5,700,000 after acquiring an additional 3,920 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Del Taco Restaurants by 17.3% in the second quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock valued at $581,000 after acquiring an additional 6,042 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Del Taco Restaurants in the second quarter valued at approximately $111,000. Bank of Montreal Can lifted its position in shares of Del Taco Restaurants by 6,440.5% in the third quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock valued at $170,000 after acquiring an additional 14,169 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Del Taco Restaurants by 8.1% in the third quarter. North Star Investment Management Corp. now owns 199,400 shares of the restaurant operator’s stock valued at $2,355,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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

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