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.

NASDAQ:TACO opened at $10.15 on Friday. The firm has a market cap of $382.93 million, a P/E ratio of 19.52, a PEG ratio of 1.13 and a beta of 0.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24. Del Taco Restaurants has a 52 week low of $9.45 and a 52 week high of $14.83.

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.

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

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