Equities analysts forecast that Del Taco Restaurants Inc (NASDAQ:TACO) will report sales of $157.57 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Del Taco Restaurants’ earnings, with the lowest sales estimate coming in at $156.50 million and the highest estimate coming in at $158.60 million. Del Taco Restaurants posted sales of $146.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The firm is scheduled to issue its next earnings results on Wednesday, March 13th.
According to Zacks, analysts expect that Del Taco Restaurants will report full-year sales of $505.77 million for the current fiscal year, with estimates ranging from $504.70 million to $506.80 million. For the next financial year, analysts forecast that the company will post sales of $532.28 million, with estimates ranging from $529.60 million to $535.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $119.84 million. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. BTIG Research cut Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Wednesday, October 17th. Finally, Citigroup reduced their price target on Del Taco Restaurants from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.75.
Large investors have recently bought and sold shares of the stock. Putnam Investments LLC boosted its stake in Del Taco Restaurants by 59.2% during the second quarter. Putnam Investments LLC now owns 151,641 shares of the restaurant operator’s stock valued at $2,150,000 after buying an additional 56,400 shares during the period. Boston Partners boosted its stake in Del Taco Restaurants by 1.0% during the second quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock valued at $5,700,000 after buying an additional 3,920 shares during the period. GSA Capital Partners LLP boosted its stake in Del Taco Restaurants by 113.4% during the second quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock valued at $550,000 after buying an additional 20,603 shares during the period. Thomson Horstmann & Bryant Inc. boosted its stake in Del Taco Restaurants by 72.7% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 439,486 shares of the restaurant operator’s stock valued at $5,190,000 after buying an additional 185,041 shares during the period. Finally, Formula Growth Ltd. boosted its stake in Del Taco Restaurants by 30.8% during the second quarter. Formula Growth Ltd. now owns 148,700 shares of the restaurant operator’s stock valued at $2,109,000 after buying an additional 35,000 shares during the period. 82.19% of the stock is owned by institutional investors.
Shares of NASDAQ TACO opened at $10.61 on Wednesday. The firm has a market capitalization of $408.23 million, a PE ratio of 20.79, a P/E/G ratio of 1.23 and a beta of 0.06. Del Taco Restaurants has a fifty-two week low of $9.45 and a fifty-two week high of $14.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24.
Del Taco Restaurants Company Profile
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