Del Taco Restaurants (TACO) Getting Somewhat Favorable Press Coverage, Analysis Shows
News headlines about Del Taco Restaurants (NASDAQ:TACO) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Del Taco Restaurants earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the restaurant operator an impact score of 46.8104824412573 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- $110.66 Million in Sales Expected for Del Taco Restaurants, Inc. (TACO) This Quarter (americanbankingnews.com)
- Dairy Queen looks to food for future – Nation’s Restaurant News (nrn.com)
- In Queso Wars, Del Taco Is a Bigger Winner Than Chipotle – Bloomberg (bloomberg.com)
- Del Taco Restaurants, Inc. (TACO) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Del Taco Restaurants, Inc. (TACO) Downgraded by Zacks Investment Research (americanbankingnews.com)
A number of research firms have issued reports on TACO. Zacks Investment Research lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 target price on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. Finally, BidaskClub lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Del Taco Restaurants presently has an average rating of “Buy” and a consensus target price of $17.00.
Del Taco Restaurants (NASDAQ TACO) traded down 1.54% during mid-day trading on Friday, hitting $15.34. 343,110 shares of the company’s stock were exchanged. The stock has a market capitalization of $593.44 million, a P/E ratio of 27.01 and a beta of -0.22. Del Taco Restaurants has a 52 week low of $11.53 and a 52 week high of $15.61. The firm has a 50 day moving average of $13.45 and a 200 day moving average of $13.15.
Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The business had revenue of $108.60 million for the quarter, compared to analyst estimates of $107.08 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Del Taco Restaurants will post $0.56 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Del Taco Restaurants (TACO) Getting Somewhat Favorable Press Coverage, Analysis Shows” was originally posted by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/del-taco-restaurants-taco-getting-somewhat-favorable-press-coverage-analysis-shows/1599222.html.
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.
Receive News & Ratings for Del Taco Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.