Del Taco Restaurants Inc. (NASDAQ:TACO) – Stock analysts at Dougherty & Co decreased their FY2017 earnings per share (EPS) estimates for shares of Del Taco Restaurants in a note issued to investors on Tuesday. Dougherty & Co analyst J. Hamblin now anticipates that the firm will post earnings per share of $0.62 for the year, down from their prior estimate of $0.64.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Saturday, July 23rd. Jefferies Group reissued a “buy” rating and set a $14.00 price objective (down previously from $16.00) on shares of Del Taco Restaurants in a report on Thursday, July 21st. Citigroup Inc. raised their price objective on shares of Del Taco Restaurants from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. BTIG Research raised their price objective on shares of Del Taco Restaurants from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wedbush reissued an “outperform” rating and set a $17.00 price objective (up previously from $15.00) on shares of Del Taco Restaurants in a report on Saturday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $14.17.

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

Del Taco Restaurants (NASDAQ:TACO) traded up 1.67% during trading on Wednesday, hitting $13.97. 746,772 shares of the company traded hands. Del Taco Restaurants has a 52-week low of $8.37 and a 52-week high of $14.25. The company’s 50-day moving average is $11.66 and its 200 day moving average is $10.19. The firm has a market cap of $530.52 million, a price-to-earnings ratio of 34.49 and a beta of -0.01.

Del Taco Restaurants (NASDAQ:TACO) last posted its earnings results on Monday, October 17th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Del Taco Restaurants had a net margin of 4.07% and a return on equity of 4.79%. The firm earned $104.42 million during the quarter, compared to analysts’ expectations of $101.61 million. Del Taco Restaurants’s quarterly revenue was up 27.3% on a year-over-year basis.

In other news, SVP David Pear sold 6,000 shares of the firm’s 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 in the company, valued at $1,319,594. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 36.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in TACO. BlackRock Institutional Trust Company N.A. raised its position in shares of Del Taco Restaurants by 76.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 534,312 shares of the company’s stock worth $4,862,000 after buying an additional 231,094 shares during the period. BlackRock Fund Advisors raised its position in shares of Del Taco Restaurants by 7,518.2% in the second quarter. BlackRock Fund Advisors now owns 600,082 shares of the company’s stock worth $5,461,000 after buying an additional 592,205 shares during the period. BlackRock Investment Management LLC acquired a new position in shares of Del Taco Restaurants during the second quarter worth about $875,000. Vanguard Group Inc. raised its position in shares of Del Taco Restaurants by 7.1% in the second quarter. Vanguard Group Inc. now owns 1,077,278 shares of the company’s stock worth $9,803,000 after buying an additional 71,226 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Del Taco Restaurants by 66.5% in the second quarter. Dimensional Fund Advisors LP now owns 376,589 shares of the company’s stock worth $3,427,000 after buying an additional 150,441 shares during the period. Institutional investors and hedge funds own 63.12% of the company’s stock.

About Del Taco Restaurants

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.

5 Day Chart for NASDAQ:TACO

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