Del Taco Restaurants Inc (NASDAQ:TACO) – Investment analysts at Piper Jaffray Companies reduced their Q4 2020 earnings per share estimates for Del Taco Restaurants in a report released on Wednesday, December 18th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will earn $0.19 per share for the quarter, down from their previous estimate of $0.20.
A number of other equities research analysts have also weighed in on TACO. Wedbush lowered their price objective on shares of Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. TheStreet cut shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Thursday, October 3rd. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Finally, BidaskClub upgraded shares of Del Taco Restaurants from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Del Taco Restaurants currently has a consensus rating of “Hold” and an average target price of $12.33.
Shares of NASDAQ TACO opened at $7.73 on Friday. The stock has a market capitalization of $292.40 million, a P/E ratio of 13.80, a PEG ratio of 1.26 and a beta of 0.21. Del Taco Restaurants has a one year low of $6.92 and a one year high of $13.50. The firm’s 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $10.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.37.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Monday, October 21st. The restaurant operator reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $119.27 million. Del Taco Restaurants had a net margin of 0.29% and a return on equity of 4.11%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share.
Several large investors have recently added to or reduced their stakes in TACO. Russell Investments Group Ltd. increased its stake in shares of Del Taco Restaurants by 11.1% in the third quarter. Russell Investments Group Ltd. now owns 1,745,129 shares of the restaurant operator’s stock worth $17,844,000 after buying an additional 174,922 shares during the period. Managed Asset Portfolios LLC increased its position in shares of Del Taco Restaurants by 81.2% in the third quarter. Managed Asset Portfolios LLC now owns 1,051,785 shares of the restaurant operator’s stock valued at $10,754,000 after acquiring an additional 471,380 shares during the period. Renaissance Technologies LLC increased its position in shares of Del Taco Restaurants by 15.6% in the second quarter. Renaissance Technologies LLC now owns 825,100 shares of the restaurant operator’s stock valued at $10,578,000 after acquiring an additional 111,600 shares during the period. Boston Partners raised its stake in shares of Del Taco Restaurants by 3.5% during the second quarter. Boston Partners now owns 754,041 shares of the restaurant operator’s stock valued at $9,667,000 after acquiring an additional 25,343 shares during the last quarter. Finally, THB Asset Management boosted its holdings in shares of Del Taco Restaurants by 7.3% during the second quarter. THB Asset Management now owns 548,695 shares of the restaurant operator’s stock worth $7,034,000 after purchasing an additional 37,148 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Eileen A. Aptman purchased 91,369 shares of Del Taco Restaurants stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $7.86 per share, for a total transaction of $718,160.34. Following the transaction, the director now directly owns 45,511 shares in the company, valued at $357,716.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen A. Aptman purchased 63,090 shares of Del Taco Restaurants stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $7.44 per share, for a total transaction of $469,389.60. Following the completion of the transaction, the director now owns 45,511 shares in the company, valued at $338,601.84. The disclosure for this purchase can be found here. In the last three months, insiders bought 189,879 shares of company stock valued at $1,442,220. 16.40% of the stock is currently owned by corporate insiders.
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 December 10, 2018, it operated approximately 560 restaurants across 14 states.
