Del Taco Restaurants Inc. (TACO) to Release Quarterly Earnings on Monday
Del Taco Restaurants Inc. (NASDAQ:TACO) will 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 quarterly earnings results on Wednesday, July 20th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Del Taco Restaurants had a net margin of 2.56% and a return on equity of 2.87%. The business had revenue of $100 million for the quarter, compared to analyst estimates of $100.06 million. Del Taco Restaurants’s quarterly revenue was up 2.5% compared to the same quarter last year. 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.
Del Taco Restaurants Inc. (NASDAQ:TACO) opened at 12.12 on Friday. The stock has a market capitalization of $460.27 million, a price-to-earnings ratio of 29.93 and a beta of -0.01. The firm has a 50-day moving average of $11.51 and a 200 day moving average of $10.14. Del Taco Restaurants Inc. has a 12-month low of $8.37 and a 12-month high of $14.56.
In other news, SVP David Pear sold 6,000 shares of Del Taco Restaurants stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $10.55, for a total transaction of $63,300.00. Following the completion of the sale, 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 link. Insiders own 36.20% of the company’s stock.
Several large investors have recently modified their holdings of TACO. FMR LLC increased its stake in shares of Del Taco Restaurants by 3.4% in the second quarter. FMR LLC now owns 2,618,200 shares of the company’s stock worth $23,826,000 after buying an additional 86,000 shares during the period. Vanguard Group Inc. increased its stake in 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 last quarter. Keeley Asset Management Corp increased its stake in Del Taco Restaurants by 22.3% in the second quarter. Keeley Asset Management Corp now owns 825,467 shares of the company’s stock worth $7,512,000 after buying an additional 150,737 shares during the last quarter. BlackRock Fund Advisors increased its stake in 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 last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Jefferies Group restated a “buy” rating and issued a $14.00 price objective (down from $16.00) on shares of Del Taco Restaurants in a report on Thursday, July 21st. Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a report on Saturday, September 3rd. Finally, Citigroup Inc. upped 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Del Taco Restaurants has a consensus rating of “Buy” and an average target price of $13.50.
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.
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