Dougherty & Co Analysts Give Del Taco Restaurants (TACO) a $17.00 Price Target

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Dougherty & Co set a $17.00 price objective on Del Taco Restaurants (NASDAQ:TACO) in a report published on Wednesday morning. The brokerage currently has a buy rating on the restaurant operator’s stock. Dougherty & Co also issued estimates for Del Taco Restaurants’ Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.55 EPS and FY2019 earnings at $0.55 EPS.

Several other brokerages have also recently issued reports on TACO. Zacks Investment Research raised shares of Del Taco Restaurants from a sell rating to a hold rating in a research report on Saturday, July 7th. ValuEngine raised shares of Del Taco Restaurants from a hold rating to a buy rating in a report on Thursday, July 19th. TheStreet raised shares of Del Taco Restaurants from a c+ rating to a b- rating in a report on Wednesday, July 18th. BidaskClub cut shares of Del Taco Restaurants from a buy rating to a hold rating in a report on Wednesday, July 11th. Finally, Citigroup raised their target price on shares of Del Taco Restaurants from $13.00 to $16.00 and gave the company a buy rating in a report on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $15.13.

Shares of TACO opened at $10.44 on Wednesday. The stock has a market cap of $389.89 million, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.16 and a beta of -0.08. Del Taco Restaurants has a 1 year low of $9.45 and a 1 year high of $14.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.39.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $119.84 million. Del Taco Restaurants had a net margin of 9.81% and a return on equity of 4.94%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. As a group, analysts predict that Del Taco Restaurants will post 0.56 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Boston Partners increased its stake in Del Taco Restaurants by 1.0% in the second quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock valued at $5,700,000 after purchasing an additional 3,920 shares during the last quarter. First Trust Advisors LP increased its stake in Del Taco Restaurants by 17.3% in the second quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 6,042 shares during the last quarter. SG Americas Securities LLC purchased a new position in Del Taco Restaurants in the second quarter valued at approximately $111,000. Bank of Montreal Can increased its stake in Del Taco Restaurants by 6,440.5% in the third quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 14,169 shares during the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Del Taco Restaurants by 8.1% during the third quarter. North Star Investment Management Corp. now owns 199,400 shares of the restaurant operator’s stock worth $2,355,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

About Del Taco Restaurants

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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Analyst Recommendations for Del Taco Restaurants (NASDAQ:TACO)

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