The Del Taco Restaurants Inc. (TACO) Set to Announce Quarterly Earnings on Monday

The Del Taco Restaurants Inc. (TACO) Set to Announce Quarterly Earnings on Monday

Del Taco Restaurants Inc. (NASDAQ:TACO) is set to release its Q316 earnings data 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 issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $100 million for the quarter, compared to analyst estimates of $100.06 million. The company’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 12.09 on Thursday. The firm has a market cap of $459.13 million, a price-to-earnings ratio of 29.85 and a beta of -0.01. Del Taco Restaurants Inc. has a one year low of $8.37 and a one year high of $14.56. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $10.12.

In other news, SVP David Pear sold 6,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $10.55, for a total transaction of $63,300.00. Following the transaction, the senior vice president now owns 125,080 shares in the company, valued at approximately $1,319,594. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 36.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TACO. BlackRock Fund Advisors raised its position in shares of Del Taco Restaurants by 7,518.2% in the second quarter. BlackRock Fund Advisors now owns 600,082 shares of the company’s stock valued at $5,461,000 after buying an additional 592,205 shares during the period. BlackRock Institutional Trust Company N.A. raised its position 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. State Street Corp raised its position in Del Taco Restaurants by 667.7% in the second quarter. State Street Corp now owns 249,822 shares of the company’s stock worth $2,274,000 after buying an additional 217,279 shares during the last quarter. Keeley Asset Management Corp raised its position 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. Finally, Dimensional Fund Advisors LP raised its position in Del Taco Restaurants by 66.5% in the second quarter. Dimensional Fund Advisors LP now owns 376,589 shares of the company’s stock worth $3,427,000 after buying an additional 150,441 shares during the last quarter. Institutional investors own 63.13% of the company’s stock.

A number of equities research analysts have issued reports on TACO shares. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Saturday, July 23rd. Citigroup Inc. increased their target price on shares of Del Taco Restaurants from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Jefferies Group reiterated a “buy” rating and issued a $14.00 target price (down previously from $16.00) on shares of Del Taco Restaurants in a research report on Thursday, July 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of Del Taco Restaurants in a research report on Saturday, September 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $14.21.

About Del Taco Restaurants

Related posts

Leave a Comment