Del Taco Restaurants Inc (NASDAQ:TACO) – Analysts at Piper Jaffray Companies boosted their Q3 2020 earnings estimates for Del Taco Restaurants in a research report issued to clients and investors on Wednesday, December 18th, Zacks Investment Research reports. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will earn $0.11 per share for the quarter, up from their previous forecast of $0.10.
TACO has been the topic of several other research reports. Wedbush cut their price target on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet lowered Del Taco Restaurants from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.33.
NASDAQ:TACO traded down $0.03 during mid-day trading on Monday, hitting $7.94. 218,412 shares of the company’s stock were exchanged, compared to its average volume of 280,223. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.37. The business has a fifty day moving average price of $7.59 and a 200 day moving average price of $9.88. Del Taco Restaurants has a one year low of $6.92 and a one year high of $13.50. The company has a market cap of $295.73 million, a PE ratio of 14.18, a P/E/G ratio of 1.23 and a beta of 0.23.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Monday, October 21st. The restaurant operator reported $0.10 EPS for the quarter, missing the 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS.
In other Del Taco Restaurants news, Director Eileen A. Aptman acquired 91,369 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $7.86 per share, for a total transaction of $718,160.34. Following the purchase, the director now directly owns 45,511 shares of the company’s stock, valued at $357,716.46. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Eileen A. Aptman bought 63,090 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $7.44 per share, with a total value of $469,389.60. Following the completion of the transaction, the director now directly owns 45,511 shares of the company’s stock, valued at approximately $338,601.84. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 189,879 shares of company stock valued at $1,442,220. 16.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in Del Taco Restaurants during the second quarter valued at about $45,000. Royal Bank of Canada grew its stake in shares of Del Taco Restaurants by 545.7% during the 2nd quarter. Royal Bank of Canada now owns 3,422 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 2,892 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Del Taco Restaurants in the 2nd quarter worth approximately $61,000. Aperio Group LLC purchased a new stake in Del Taco Restaurants in the 2nd quarter worth approximately $61,000. Finally, Alta Capital Management LLC raised its stake in Del Taco Restaurants by 14.3% during the 3rd quarter. Alta Capital Management LLC now owns 12,400 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 1,550 shares during the period. Institutional investors own 88.49% 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 December 10, 2018, it operated approximately 560 restaurants across 14 states.
