Analysts expect that Del Taco Restaurants Inc (NASDAQ:TACO) will report earnings per share of $0.17 for the current quarter, according to Zacks. Two analysts have made estimates for Del Taco Restaurants’ earnings. Del Taco Restaurants posted earnings per share of $0.19 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The business is scheduled to announce its next earnings results on Monday, March 12th.
On average, analysts expect that Del Taco Restaurants will report full-year earnings of $0.54 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Del Taco Restaurants.
A number of research firms recently weighed in on TACO. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Maxim Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Del Taco Restaurants in a report on Monday, January 8th. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Del Taco Restaurants in a report on Friday, December 22nd. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Wedbush reaffirmed a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Del Taco Restaurants presently has an average rating of “Hold” and a consensus price target of $16.67.
In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $12.25, for a total transaction of $113,435.00. Following the completion of the transaction, the senior vice president now owns 115,412 shares of the company’s stock, valued at $1,413,797. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TACO. SG Americas Securities LLC acquired a new position in shares of Del Taco Restaurants during the third quarter valued at approximately $131,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Del Taco Restaurants during the fourth quarter valued at approximately $136,000. Teacher Retirement System of Texas acquired a new position in shares of Del Taco Restaurants during the fourth quarter valued at approximately $146,000. Jane Street Group LLC acquired a new position in shares of Del Taco Restaurants during the third quarter valued at approximately $158,000. Finally, Voya Investment Management LLC acquired a new position in shares of Del Taco Restaurants during the second quarter valued at approximately $165,000. 79.87% of the stock is owned by institutional investors and hedge funds.
Del Taco Restaurants (NASDAQ TACO) traded up $0.15 during midday trading on Friday, reaching $12.53. The company had a trading volume of 146,021 shares, compared to its average volume of 243,248. The firm has a market cap of $484.62, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.32 and a beta of -0.23. Del Taco Restaurants has a 12 month low of $11.58 and a 12 month high of $15.99. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42.
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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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