Del Taco Restaurants, Inc. (NASDAQ:TACO) – Wedbush lifted their Q3 2017 EPS estimates for shares of Del Taco Restaurants in a research note issued on Wednesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.14 per share for the quarter, up from their prior estimate of $0.13. Wedbush has a “Buy” rating and a $17.00 price objective on the stock. Wedbush also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.20 EPS.

A number of other research firms also recently commented on TACO. BidaskClub downgraded shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, August 30th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.17.

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Shares of Del Taco Restaurants (NASDAQ:TACO) opened at 14.95 on Thursday. The firm has a market capitalization of $578.36 million, a P/E ratio of 26.32 and a beta of -0.22. Del Taco Restaurants has a 1-year low of $10.95 and a 1-year high of $15.32. The stock’s 50 day moving average is $13.36 and its 200 day moving average is $13.11.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The business had revenue of $108.60 million during the quarter, compared to the consensus estimate of $107.08 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year.

A number of large investors have recently modified their holdings of TACO. Wells Fargo & Company MN boosted its stake in Del Taco Restaurants by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 200 shares during the period. Boston Partners boosted its stake in Del Taco Restaurants by 8.5% during the 1st quarter. Boston Partners now owns 426,440 shares of the restaurant operator’s stock worth $5,654,000 after purchasing an additional 33,510 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Del Taco Restaurants during the 1st quarter worth $322,000. Engineers Gate Manager LP boosted its stake in Del Taco Restaurants by 49.0% during the 1st quarter. Engineers Gate Manager LP now owns 47,154 shares of the restaurant operator’s stock worth $625,000 after purchasing an additional 15,512 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in Del Taco Restaurants by 3.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,851,486 shares of the restaurant operator’s stock worth $24,551,000 after purchasing an additional 55,672 shares during the period. Hedge funds and other institutional investors own 70.32% of the company’s stock.

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.

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

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