Wedbush Remains Bullish on Del Taco Restaurants (TACO) Following 2c EPS Beat

Wedbush reiterated an Outperform rating and $20.00 price target on Del Taco Restaurants (NASDAQ: TACO) following the company's 3Q15 earnings results. Adjusted EPS of $0.12 was ahead of the consensus estimate of $0.10.

Analyst Nick Setyan commented, "Believe rising ROI, driven by category-leading unit-level profitability and SSS growth momentum, place TACO within striking distance of category-leading unit growth. With increased investor awareness and earnings visibility, we believe TACO's current discount to QSR peers is poised to narrow."

For an analyst ratings summary and ratings history on Del Taco Restaurants click here. For more ratings news on Del Taco Restaurants click here.

Shares of Del Taco Restaurants closed at $13.64 yesterday.

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