Del Taco Restaurants (TACO) Earning Somewhat Favorable News Coverage, Report Shows
Media headlines about Del Taco Restaurants (NASDAQ:TACO) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Del Taco Restaurants earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 46.236645343557 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- ETFs with exposure to Del Taco Restaurants, Inc. : November 17, 2017 (finance.yahoo.com)
- DEL TACO RESTAURANTS INC (finanznachrichten.de)
- The Gift That Keeps On Giving: Del Taco Holiday Gift Cards (finance.yahoo.com)
- Del Taco Restaurants, Inc. (TACO) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Del Taco Restaurants (TACO) opened at $12.12 on Friday. The firm has a market capitalization of $468.77, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.31 and a beta of -0.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. Del Taco Restaurants has a 12 month low of $11.58 and a 12 month high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $110.99 million for the quarter, compared to analyst estimates of $110.46 million. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. equities analysts forecast that Del Taco Restaurants will post 0.54 EPS for the current fiscal year.
TACO has been the topic of a number of recent research reports. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Wedbush reaffirmed a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a research note on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Friday, October 20th. TheStreet lowered Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Friday, October 20th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.67.
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In related news, Director Lawrence F. Levy acquired 200,000 shares of Del Taco Restaurants stock in a transaction on Monday, October 23rd. The stock was purchased at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the purchase, the director now directly owns 18,356 shares in the company, valued at $230,184.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by corporate insiders.
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.
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