Del Taco Restaurants, Inc. (NASDAQ:TACO) – Analysts at Wedbush upped their Q2 2017 earnings estimates for shares of Del Taco Restaurants in a note issued to investors on Wednesday. Wedbush analyst N. Setyan now expects that the brokerage will earn $0.14 per share for the quarter, up from their previous estimate of $0.13. Wedbush has a “Positive” rating and a $17.00 price objective on the stock. Wedbush also issued estimates for Del Taco Restaurants’ Q4 2017 earnings at $0.20 EPS.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Monday, October 17th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $104.42 million for the quarter, compared to analysts’ expectations of $101.61 million. Del Taco Restaurants had a return on equity of 4.78% and a net margin of 4.07%. The firm’s revenue was up 27.3% compared to the same quarter last year.

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TACO has been the topic of several other reports. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. TheStreet raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, October 18th. Jefferies Group reissued a “buy” rating and set a $16.00 target price (up from $14.00) on shares of Del Taco Restaurants in a research note on Friday, October 21st. Finally, BTIG Research upped their price target on Del Taco Restaurants from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.80.

Shares of Del Taco Restaurants (NASDAQ:TACO) opened at 14.01 on Thursday. Del Taco Restaurants has a 1-year low of $8.37 and a 1-year high of $15.32. The company has a market capitalization of $548.53 million, a PE ratio of 32.51 and a beta of -0.06. The stock’s 50 day moving average price is $14.65 and its 200-day moving average price is $12.12.

A number of large investors have recently modified their holdings of TACO. Peregrine Capital Management LLC purchased a new stake in shares of Del Taco Restaurants during the third quarter valued at $14,402,000. SG Capital Management LLC bought a new stake in Del Taco Restaurants during the third quarter worth approximately $8,756,000. BlackRock Fund Advisors boosted its stake in Del Taco Restaurants by 7,518.2% in the second quarter. BlackRock Fund Advisors now owns 600,082 shares of the company’s stock worth $5,461,000 after buying an additional 592,205 shares in the last quarter. Boston Partners bought a new stake in Del Taco Restaurants during the third quarter worth approximately $6,214,000. Finally, Emerald Acquisition Ltd. bought a new stake in Del Taco Restaurants during the second quarter worth approximately $4,181,000. 69.63% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Q2 2017 Earnings Estimate for Del Taco Restaurants, Inc. (TACO) Issued By Wedbush” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this article can be read at http://www.watchlistnews.com/q2-2017-earnings-estimate-for-del-taco-restaurants-inc-taco-issued-by-wedbush/1061478.html.

In related news, Director Patrick Walsh sold 1,665,482 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $14.50, for a total value of $24,149,489.00. Following the sale, the director now directly owns 5,308 shares of the company’s stock, valued at $76,966. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 36.20% of the stock is owned by corporate insiders.

About Del Taco Restaurants

Del Taco Restaurants, Inc, formerly Levy Acquisition Corporation, is an operator and franchisor of restaurants featuring fresh and fast made-to-order cuisine, including both Mexican inspired and American classic dishes. The Company operates Del Taco restaurants in approximately 20 states, including over one franchised restaurant in Guam.

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