Del Taco Restaurants Inc (NASDAQ:TACO) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings estimates for Del Taco Restaurants in a research note issued on Tuesday. Dougherty & Co analyst J. Hamblin anticipates that the restaurant operator will post earnings per share of $0.09 for the quarter. Dougherty & Co also issued estimates for Del Taco Restaurants’ FY2018 earnings at $0.58 EPS.

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Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Wednesday, March 14th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Del Taco Restaurants had a net margin of 10.58% and a return on equity of 5.35%. The company had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $147.35 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis.

Other analysts have also issued research reports about the company. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Wedbush reiterated a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, January 9th. Maxim Group reiterated a “buy” rating and issued a $20.00 target price on shares of Del Taco Restaurants in a research note on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $15.00 target price on shares of Del Taco Restaurants in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Del Taco Restaurants presently has an average rating of “Hold” and a consensus target price of $16.50.

Shares of Del Taco Restaurants stock opened at $10.82 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.41. Del Taco Restaurants has a twelve month low of $10.45 and a twelve month high of $15.99. The firm has a market capitalization of $405.60, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.08 and a beta of -0.20.

Several institutional investors and hedge funds have recently bought and sold shares of TACO. Goldman Sachs Group Inc. grew its position in shares of Del Taco Restaurants by 81.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,408,992 shares of the restaurant operator’s stock worth $29,197,000 after buying an additional 1,084,844 shares in the last quarter. Keeley Teton Advisors LLC grew its position in shares of Del Taco Restaurants by 97.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 1,392,579 shares of the restaurant operator’s stock worth $16,878,000 after buying an additional 686,718 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Del Taco Restaurants by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,964 shares of the restaurant operator’s stock worth $35,113,000 after buying an additional 345,199 shares in the last quarter. Royce & Associates LP grew its position in shares of Del Taco Restaurants by 82.2% during the 3rd quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock worth $11,667,000 after buying an additional 343,171 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Del Taco Restaurants by 317.1% during the 4th quarter. Renaissance Technologies LLC now owns 429,600 shares of the restaurant operator’s stock worth $5,207,000 after buying an additional 326,600 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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