Del Taco Restaurants (NASDAQ:TACO) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06, MarketWatch Earnings reports. Del Taco Restaurants had a negative net margin of 45.73% and a positive return on equity of 3.61%.
Del Taco Restaurants stock opened at $8.18 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 1.99. Del Taco Restaurants has a 12 month low of $2.45 and a 12 month high of $10.43. The stock’s 50 day simple moving average is $8.54 and its two-hundred day simple moving average is $6.70. The firm has a market cap of $305.32 million, a PE ratio of -1.35, a P/E/G ratio of 2.21 and a beta of 1.76.
TACO has been the topic of several research reports. Wedbush increased their price target on shares of Del Taco Restaurants from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. ValuEngine downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Piper Sandler increased their price target on shares of Del Taco Restaurants from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, August 26th. Finally, BidaskClub upgraded shares of Del Taco Restaurants from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.33.
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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