Del Taco Restaurants (NASDAQ:TACO) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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.

In other Del Taco Restaurants news, Director Ari B. Levy bought 16,750 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were purchased at an average price of $7.29 per share, for a total transaction of $122,107.50. Following the transaction, the director now directly owns 325,456 shares of the company’s stock, valued at approximately $2,372,574.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence F. Levy bought 50,800 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $8.38 per share, for a total transaction of $425,704.00. Following the transaction, the director now directly owns 275,777 shares in the company, valued at $2,311,011.26. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 105,310 shares of company stock worth $829,255. Insiders own 16.50% of the company’s stock.

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.

Further Reading: Forex

Earnings History for Del Taco Restaurants (NASDAQ:TACO)

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