Del Taco Restaurants Inc. (TACO) to Release Quarterly Earnings on Monday
Del Taco Restaurants Inc. (NASDAQ:TACO) is scheduled to be posting its Q316 quarterly earnings results on Monday, October 17th. Analysts expect Del Taco Restaurants to post earnings of $0.12 per share and revenue of $101.61 million for the quarter.
Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm earned $100 million during the quarter, compared to the consensus estimate of $100.06 million. Del Taco Restaurants had a return on equity of 2.87% and a net margin of 2.56%. Del Taco Restaurants’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect Del Taco Restaurants to post $0.55 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Del Taco Restaurants Inc. (NASDAQ:TACO) opened at 12.12 on Friday. The company has a market capitalization of $460.27 million, a P/E ratio of 29.93 and a beta of -0.01. Del Taco Restaurants Inc. has a 52-week low of $8.37 and a 52-week high of $14.56. The stock’s 50 day moving average price is $11.51 and its 200-day moving average price is $10.14.
In related news, SVP David Pear sold 6,000 shares of Del Taco Restaurants stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $10.55, for a total transaction of $63,300.00. Following the transaction, the senior vice president now directly owns 125,080 shares of the company’s stock, valued at $1,319,594. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 36.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC acquired a new position in shares of Del Taco Restaurants during the second quarter valued at about $110,000. American International Group Inc. purchased a new position in Del Taco Restaurants during the second quarter valued at about $121,000. National Asset Management Inc. raised its position in Del Taco Restaurants by 33.2% in the second quarter. National Asset Management Inc. now owns 20,000 shares of the company’s stock valued at $182,000 after buying an additional 4,989 shares in the last quarter. Rhumbline Advisers purchased a new position in Del Taco Restaurants during the second quarter valued at about $196,000. Finally, Trexquant Investment LP purchased a new position in Del Taco Restaurants during the second quarter valued at about $290,000. 63.13% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on TACO shares. Citigroup Inc. upped their price target on Del Taco Restaurants from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Wedbush restated an “outperform” rating and issued a $15.00 price target on shares of Del Taco Restaurants in a research note on Saturday, September 3rd. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Finally, Jefferies Group restated a “buy” rating and issued a $14.00 price target (down previously from $16.00) on shares of Del Taco Restaurants in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.50.
Del Taco Restaurants Company Profile
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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