Brokers Issue Forecasts for Del Taco Restaurants Inc’s FY2022 Earnings (NASDAQ:TACO)

Del Taco Restaurants Inc (NASDAQ:TACO) – Analysts at Piper Sandler increased their FY2022 earnings per share (EPS) estimates for Del Taco Restaurants in a research note issued on Sunday, September 13th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will earn $0.36 per share for the year, up from their prior estimate of $0.31. Piper Sandler currently has a “Neutral” rating and a $8.00 target price on the stock.

A number of other equities research analysts also recently weighed in on TACO. ValuEngine downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. 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 research note on Wednesday, August 26th. CL King started coverage on shares of Del Taco Restaurants in a research note on Monday, August 24th. They set a “buy” rating on the stock. Jefferies Financial Group lifted their price target on shares of Del Taco Restaurants from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BidaskClub upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Del Taco Restaurants currently has an average rating of “Buy” and an average target price of $10.60.

Shares of TACO stock opened at $8.47 on Tuesday. Del Taco Restaurants has a 1 year low of $2.45 and a 1 year high of $11.13. The firm’s fifty day simple moving average is $8.18 and its 200 day simple moving average is $6.13. The firm has a market capitalization of $316.14 million, a P/E ratio of -1.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.76. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 1.99.

In other news, Director Ari B. Levy bought 16,750 shares of Del Taco Restaurants stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of $7.29 per share, for a total transaction of $122,107.50. Following the purchase, the director now owns 325,456 shares of the company’s stock, valued at $2,372,574.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ari B. Levy bought 23,760 shares of Del Taco Restaurants stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $7.45 per share, for a total transaction of $177,012.00. Following the purchase, the director now directly owns 349,216 shares in the company, valued at approximately $2,601,659.20. The disclosure for this purchase can be found here. Insiders bought a total of 105,310 shares of company stock worth $829,255 in the last 90 days. 16.50% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in shares of Del Taco Restaurants in the second quarter valued at about $2,496,000. Parametric Portfolio Associates LLC raised its holdings in shares of Del Taco Restaurants by 2,086.7% in the first quarter. Parametric Portfolio Associates LLC now owns 473,023 shares of the restaurant operator’s stock valued at $1,622,000 after buying an additional 451,391 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Del Taco Restaurants in the first quarter valued at about $34,000. WINTON GROUP Ltd raised its holdings in shares of Del Taco Restaurants by 14.0% in the second quarter. WINTON GROUP Ltd now owns 199,058 shares of the restaurant operator’s stock valued at $1,180,000 after buying an additional 24,417 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Del Taco Restaurants in the second quarter valued at about $112,000. 67.28% of the stock is owned by institutional investors and hedge funds.

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 December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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