Del Taco Restaurants, Inc. (NASDAQ:TACO) - Investment analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for shares of Del Taco Restaurants in a report issued on Thursday. Jefferies Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.13. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.92%. The business had revenue of $108.60 million for the quarter, compared to analyst estimates of $107.08 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/08/10/jefferies-group-equities-analysts-decrease-earnings-estimates-for-del-taco-restaurants-inc-nasdaqtaco-updated.html.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Maxim Group reiterated a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a research note on Thursday, June 22nd. Wedbush reiterated a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research note on Friday, May 5th. BidaskClub lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.57.
Shares of Del Taco Restaurants (NASDAQ TACO) opened at 13.24 on Monday. The stock has a market capitalization of $509.98 million, a price-to-earnings ratio of 24.16 and a beta of -0.19. Del Taco Restaurants has a 1-year low of $9.96 and a 1-year high of $15.32. The stock’s 50 day moving average is $13.34 and its 200 day moving average is $13.23.
A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Del Taco Restaurants by 21.6% in the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock worth $55,932,000 after buying an additional 749,348 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Del Taco Restaurants by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 1,851,486 shares of the restaurant operator’s stock worth $24,551,000 after buying an additional 55,672 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Del Taco Restaurants by 35.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,603,064 shares of the restaurant operator’s stock worth $21,257,000 after buying an additional 422,749 shares in the last quarter. Vanguard Group Inc. increased its stake in Del Taco Restaurants by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock worth $16,354,000 after buying an additional 81,525 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Del Taco Restaurants by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,187,195 shares of the restaurant operator’s stock worth $15,778,000 after buying an additional 81,101 shares in the last quarter. 68.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Eileen A. Aptman acquired 26,010 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of $12.97 per share, with a total value of $337,349.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.60% of the stock is currently owned by insiders.
About Del Taco Restaurants
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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