Equities Analysts Offer Predictions for Del Taco Restaurants Inc’s Q4 2020 Earnings (NASDAQ:TACO)

Equities Analysts Offer Predictions for Del Taco Restaurants Inc’s Q4 2020 Earnings (NASDAQ:TACO)

Del Taco Restaurants Inc (NASDAQ:TACO) – Stock analysts at Piper Jaffray Companies decreased their Q4 2020 EPS estimates for Del Taco Restaurants in a research report issued to clients and investors on Wednesday, December 18th, Zacks Investment Research reports. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Monday, October 21st. The restaurant operator reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Del Taco Restaurants had a return on equity of 4.11% and a net margin of 0.29%. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $119.27 million. During the same quarter in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year.

Several other research firms have also recently weighed in on TACO. TheStreet cut Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Thursday, October 3rd. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Del Taco Restaurants from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 11th. Finally, Wedbush lowered their price target on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.33.

NASDAQ:TACO opened at $7.57 on Friday. The business’s 50-day moving average price is $7.56 and its two-hundred day moving average price is $10.09. Del Taco Restaurants has a twelve month low of $6.92 and a twelve month high of $13.50. The stock has a market cap of $283.13 million, a P/E ratio of 13.52, a PEG ratio of 1.22 and a beta of 0.21. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.92.

In other news, Director Eileen A. Aptman acquired 91,369 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $7.86 per share, with a total value of $718,160.34. Following the acquisition, the director now owns 45,511 shares in the company, valued at approximately $357,716.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen A. Aptman acquired 35,420 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average cost of $7.19 per share, for a total transaction of $254,669.80. Following the completion of the acquisition, the director now owns 45,511 shares in the company, valued at approximately $327,224.09. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 189,879 shares of company stock worth $1,442,220. 16.40% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Alta Capital Management LLC increased its stake in Del Taco Restaurants by 14.3% in the 3rd quarter. Alta Capital Management LLC now owns 12,400 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 1,550 shares during the period. Swiss National Bank increased its stake in Del Taco Restaurants by 3.8% in the 2nd quarter. Swiss National Bank now owns 59,800 shares of the restaurant operator’s stock worth $767,000 after purchasing an additional 2,200 shares during the period. Royal Bank of Canada increased its stake in Del Taco Restaurants by 545.7% in the 2nd quarter. Royal Bank of Canada now owns 3,422 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 2,892 shares during the period. Advisory Services Network LLC purchased a new position in Del Taco Restaurants in the 2nd quarter worth approximately $45,000. Finally, Rhumbline Advisers increased its stake in Del Taco Restaurants by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 46,599 shares of the restaurant operator’s stock worth $476,000 after purchasing an additional 3,827 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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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