Del Taco Restaurants Inc (NASDAQ:TACO) – Piper Jaffray Companies decreased their Q2 2019 earnings per share estimates for shares of Del Taco Restaurants in a report released on Tuesday, March 12th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will earn $0.14 per share for the quarter, down from their previous estimate of $0.15.

TACO has been the subject of a number of other reports. Maxim Group reaffirmed a “buy” rating on shares of Del Taco Restaurants in a report on Wednesday, January 9th. Wedbush reaffirmed an “outperform” rating and set a $15.00 target price on shares of Del Taco Restaurants in a report on Friday, February 1st. BidaskClub cut shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Finally, Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Del Taco Restaurants presently has an average rating of “Hold” and an average price target of $14.43.

Shares of TACO stock opened at $10.15 on Friday. Del Taco Restaurants has a 12 month low of $9.45 and a 12 month high of $14.83. The company has a market cap of $382.93 million, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.13 and a beta of 0.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24.

In other news, SVP David Pear sold 5,982 shares of the stock in a transaction on Monday, December 17th. The shares were sold at an average price of $10.15, for a total value of $60,717.30. Following the completion of the sale, the senior vice president now directly owns 131,710 shares of the company’s stock, valued at $1,336,856.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Del Taco Restaurants by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,225,006 shares of the restaurant operator’s stock worth $38,087,000 after purchasing an additional 11,140 shares in the last quarter. BlackRock Inc. increased its stake in shares of Del Taco Restaurants by 1.2% in the third quarter. BlackRock Inc. now owns 2,458,578 shares of the restaurant operator’s stock worth $29,036,000 after purchasing an additional 30,200 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Del Taco Restaurants by 5.0% in the third quarter. Vanguard Group Inc. now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after purchasing an additional 71,602 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Del Taco Restaurants by 5.0% in the third quarter. Vanguard Group Inc now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after purchasing an additional 71,602 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Del Taco Restaurants by 2.9% in the third quarter. Royce & Associates LP now owns 1,495,147 shares of the restaurant operator’s stock worth $17,658,000 after purchasing an additional 42,284 shares in the last quarter. 80.58% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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