Del Taco Restaurants Inc (NASDAQ:TACO) – Equities research analysts at Wedbush issued their Q1 2019 earnings per share (EPS) estimates for Del Taco Restaurants in a report released on Thursday. Wedbush analyst N. Setyan forecasts that the restaurant operator will post earnings of $0.13 per share for the quarter. Wedbush has a “Buy” rating and a $17.00 price objective on the stock. Wedbush also issued estimates for Del Taco Restaurants’ Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.65 EPS.

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Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The business had revenue of $146.50 million during the quarter, compared to the consensus estimate of $147.35 million. Del Taco Restaurants had a return on equity of 5.35% and a net margin of 10.58%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share.

Several other research analysts also recently commented on the company. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Maxim Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Del Taco Restaurants in a research report on Friday, December 22nd. BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Finally, TheStreet raised Del Taco Restaurants from a “c” rating to a “b-” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.50.

Shares of Del Taco Restaurants stock traded down $0.02 during midday trading on Monday, reaching $10.73. The company’s stock had a trading volume of 123,899 shares, compared to its average volume of 323,749. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.41. The company has a market cap of $420.98, a P/E ratio of 21.47, a P/E/G ratio of 1.12 and a beta of -0.20. Del Taco Restaurants has a 52 week low of $10.45 and a 52 week high of $15.99.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Del Taco Restaurants during the fourth quarter valued at approximately $196,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Del Taco Restaurants during the fourth quarter valued at approximately $136,000. PEAK6 Investments L.P. bought a new stake in shares of Del Taco Restaurants during the fourth quarter valued at approximately $275,000. Millennium Management LLC increased its position in shares of Del Taco Restaurants by 477.7% during the fourth quarter. Millennium Management LLC now owns 156,564 shares of the restaurant operator’s stock valued at $1,898,000 after purchasing an additional 129,465 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Del Taco Restaurants by 81.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,408,992 shares of the restaurant operator’s stock valued at $29,197,000 after purchasing an additional 1,084,844 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

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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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