Del Taco Restaurants Inc (TACO) Expected to Post Quarterly Sales of $157.57 Million

Wall Street analysts expect Del Taco Restaurants Inc (NASDAQ:TACO) to post sales of $157.57 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Del Taco Restaurants’ earnings. The highest sales estimate is $158.60 million and the lowest is $156.50 million. Del Taco Restaurants reported sales of $146.54 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The company is scheduled to report its next earnings results on Wednesday, March 13th.

On average, analysts expect that Del Taco Restaurants will report full-year sales of $505.77 million for the current year, with estimates ranging from $504.70 million to $506.80 million. For the next financial year, analysts anticipate that the firm will report sales of $532.28 million, with estimates ranging from $529.60 million to $535.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. The business had revenue of $117.83 million for the quarter, compared to the consensus estimate of $119.84 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 6.2% compared to the same quarter last year.

Several brokerages have commented on TACO. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. BTIG Research downgraded Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Wednesday, October 17th. Finally, Citigroup cut their target price on Del Taco Restaurants from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.75.

Shares of TACO opened at $10.61 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 12 month low of $9.45 and a 12 month high of $14.83. The firm has a market cap of $408.23 million, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.23 and a beta of 0.06.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Putnam Investments LLC lifted its holdings in shares of Del Taco Restaurants by 59.2% during the 2nd 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 lifted its holdings in shares of Del Taco Restaurants by 1.0% during the 2nd 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 lifted its holdings in shares of Del Taco Restaurants by 113.4% during the 2nd 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. lifted its holdings in shares of Del Taco Restaurants by 72.7% during the 3rd 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. lifted its holdings in shares of Del Taco Restaurants by 30.8% during the 2nd 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 currently owned by hedge funds and other institutional investors.

Del Taco Restaurants Company Profile

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

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