Del Taco Restaurants (NASDAQ:TACO) released its quarterly earnings data on Tuesday. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01, Bloomberg Earnings reports. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The company had revenue of $117.83 million for the quarter, compared to analyst estimates of $119.84 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Del Taco Restaurants updated its FY 2018 guidance to $0.53-0.56 EPS and its FY18 guidance to ~$0.53-0.56 EPS.

Shares of TACO stock traded down $0.18 on Tuesday, hitting $10.93. The stock had a trading volume of 833,600 shares, compared to its average volume of 286,950. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $452.32 million, a PE ratio of 21.02, a P/E/G ratio of 1.24 and a beta of -0.08. Del Taco Restaurants has a 1 year low of $10.00 and a 1 year high of $15.70.

TACO has been the topic of a number of research analyst reports. Maxim Group restated a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a research report on Wednesday, September 26th. BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, Citigroup lifted their target price on Del Taco Restaurants from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.06.

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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Earnings History for Del Taco Restaurants (NASDAQ:TACO)

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