Del Taco Restaurants Inc (NASDAQ:TACO) – Research analysts at Piper Sandler raised their Q2 2020 earnings estimates for shares of Del Taco Restaurants in a research note issued to investors on Wednesday, June 24th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will earn ($0.08) per share for the quarter, up from their previous estimate of ($0.18). Piper Sandler also issued estimates for Del Taco Restaurants’ Q3 2020 earnings at ($0.04) EPS, FY2020 earnings at $0.06 EPS, Q4 2021 earnings at $0.19 EPS and FY2022 earnings at $0.31 EPS.
Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings data on Monday, May 4th. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $109.81 million during the quarter, compared to the consensus estimate of $105.64 million. Del Taco Restaurants had a negative net margin of 43.69% and a positive return on equity of 4.51%.
TACO has been the subject of several other reports. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Jefferies Financial Group raised their target price on shares of Del Taco Restaurants from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. BidaskClub raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Friday, June 5th. ValuEngine raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wedbush raised their target price on shares of Del Taco Restaurants from $6.00 to $8.50 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $9.50.
Shares of TACO stock opened at $6.09 on Monday. The firm has a 50 day moving average price of $6.26 and a two-hundred day moving average price of $6.18. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $219.15 million, a PE ratio of -1.02, a price-to-earnings-growth ratio of 8.44 and a beta of 1.73. Del Taco Restaurants has a 12-month low of $2.45 and a 12-month high of $13.50.
In other Del Taco Restaurants news, Director Eileen A. Aptman bought 13,800 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $5.41 per share, with a total value of $74,658.00. Following the completion of the acquisition, the director now owns 59,311 shares of the company’s stock, valued at $320,872.51. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.50% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Del Taco Restaurants by 53.5% during the fourth quarter. Victory Capital Management Inc. now owns 44,944 shares of the restaurant operator’s stock worth $339,000 after acquiring an additional 15,664 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Del Taco Restaurants by 563.7% in the fourth quarter. Bank of Montreal Can now owns 16,804 shares of the restaurant operator’s stock worth $133,000 after buying an additional 14,272 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Del Taco Restaurants by 147.0% in the fourth quarter. Prudential Financial Inc. now owns 404,779 shares of the restaurant operator’s stock worth $3,200,000 after buying an additional 240,901 shares in the last quarter. Raymond James & Associates purchased a new position in shares of Del Taco Restaurants in the fourth quarter worth $109,000. Finally, Trexquant Investment LP purchased a new position in shares of Del Taco Restaurants in the fourth quarter worth $386,000. 70.99% of the stock is currently owned by institutional investors and hedge funds.
About Del Taco Restaurants
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.
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