Del Taco Restaurants, Inc. (TACO) Issues Quarterly Earnings Results

Marco Green
October 22, 2017

Wedbush also issued estimates for Del Taco Restaurants' Q4 2017 earnings at $0.17 EPS, FY2017 earnings at $0.54 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.53 EPS.

TACO has been the topic of a number of recent analyst reports. Short interest has increased by 14.4% during the last two reporting periods to 36.74 million shares, which represents almost 16% of the equity's total available float. BidaskClub lowered shares of Del Taco Restaurants from a "hold" rating to a "sell" rating in a research note on Monday, July 24th. Maxim Group restated a buy rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Friday.

October 20 investment analysts at BTIG Research kept the company rating at "Buy" but moved up the price target from $16.00 to $17.00. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of "Buy" and a consensus price target of $14.80. Del Taco has $1900 highest and $1300 lowest target. Volume was down 98.82% under the stocks average daily volume.

The most current P/E ratio is 21.48 and market capitalization is 471.97M. Since touching a two-year high of $15.99 on September 27, TACO stock has shed nearly 22%. The company's 50-day moving average is $14.97 and its two hundred day average is $13.60. On October 19, 2017, Del Taco reported its third quarter financial results and announced that the Company was revising its guidance for 2017, which it had raised the prior quarter. They expect $-0.21 EPS, up 22.22% or $0.06 from last year's $-0.27 per share.

Del Taco Restaurants, Inc., launched on August 2, 2013, is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. The business had revenue of $110.99 million during the quarter, compared to analysts' expectations of $110.46 million. The company's quarterly revenue was up 6.3% compared to the same quarter past year. During the same period in the previous year, the firm posted $0.13 earnings per share. Zacks Investment Research lowered shares of Del Taco Restaurants from a "buy" rating to a "hold" rating in a report on Thursday, July 6th. If you are viewing this article on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/10/21/del-taco-restaurants-taco-buy-rating-reaffirmed-at-wedbush.html.

The Relative Strength Index (RSI 14) value of TACO is 24.62. Bank of Montreal Can increased its holdings in shares of Del Taco Restaurants by 5,995.7% during the second quarter. LLC now owns 1,459,099 shares of the company's stock worth $13,278,000 after buying an additional 1,248,898 shares during the last quarter. As of quarter end Ahl Partners Llp had acquired a total of 27,305 shares growing its position 85.9%.

Hancock Holding Co holds 0.59% of its portfolio in Ruth's Hospitality Group, Inc. for 646,240 shares. Del Taco Restaurants earned a news impact score of 0.22 on Accern's scale.

NCR stock fell 11% in the wake of fallout from the company's third-quarter financial report.

Some other figures for the company's outlook were moderated, including Del Taco's outlook for the top end of its expected revenue range.

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