Q2 2019 EPS Estimates for Del Taco Restaurants Inc (TACO) Reduced by Piper Jaffray Companies
Del Taco Restaurants Inc (NASDAQ:TACO) – Equities researchers at Piper Jaffray Companies lowered their Q2 2019 earnings per share (EPS) estimates for shares of Del Taco Restaurants in a report issued on Tuesday, March 12th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.15.
Other equities research analysts have also issued research reports about the stock. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of Del Taco Restaurants in a report on Friday, February 1st. ValuEngine downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. BidaskClub lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Maxim Group reissued a “buy” rating on shares of Del Taco Restaurants in a research note on Wednesday, January 9th. Finally, Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, November 29th. Two analysts have 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 currently has a consensus rating of “Hold” and a consensus target price of $14.43.
A number of institutional investors have recently bought and sold shares of TACO. Rothschild & Co. Asset Management US Inc. bought a new stake in Del Taco Restaurants during the third quarter worth about $6,847,000. Boston Partners increased its stake in shares of Del Taco Restaurants by 138.3% during the fourth quarter. Boston Partners now owns 727,860 shares of the restaurant operator’s stock valued at $7,271,000 after purchasing an additional 422,453 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Del Taco Restaurants during the fourth quarter valued at approximately $2,556,000. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Del Taco Restaurants by 72.7% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 439,486 shares of the restaurant operator’s stock valued at $5,190,000 after purchasing an additional 185,041 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Del Taco Restaurants by 11.4% in the 3rd quarter. Renaissance Technologies LLC now owns 771,700 shares of the restaurant operator’s stock worth $9,114,000 after purchasing an additional 79,200 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP David Pear sold 5,982 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $10.15, for a total value of $60,717.30. Following the completion of the sale, the senior vice president now directly owns 131,710 shares of the company’s stock, valued at approximately $1,336,856.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.
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 December 10, 2018, it operated approximately 560 restaurants across 14 states.
Featured Story: Options Trading
Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.