$157.32 Million in Sales Expected for Del Taco Restaurants Inc (NASDAQ:TACO) This Quarter

Wall Street analysts expect Del Taco Restaurants Inc (NASDAQ:TACO) to report sales of $157.32 million for the current quarter, according to Zacks. Three analysts have issued estimates for Del Taco Restaurants’ earnings, with estimates ranging from $156.90 million to $157.60 million. Del Taco Restaurants posted sales of $157.29 million during the same quarter last year, which suggests a positive year over year growth rate of 0%. The company is expected to announce its next earnings report on Monday, March 16th.

On average, analysts expect that Del Taco Restaurants will report full year sales of $513.07 million for the current fiscal year, with estimates ranging from $512.80 million to $513.32 million. For the next fiscal year, analysts anticipate that the company will post sales of $503.62 million, with estimates ranging from $499.70 million to $507.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Del Taco Restaurants.

A number of equities research analysts have recently weighed in on TACO shares. Wedbush dropped their price target on shares of Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Maxim Group reissued a “buy” rating and issued a $14.00 price objective on shares of Del Taco Restaurants in a research note on Monday, January 20th. Zacks Investment Research raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, BidaskClub cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Saturday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.50.

In related news, Director Eileen A. Aptman bought 91,369 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $7.86 per share, with a total value of $718,160.34. Following the completion of the purchase, the director now owns 45,511 shares in the company, valued at approximately $357,716.46. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eileen A. Aptman bought 35,420 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were bought at an average cost of $7.19 per share, for a total transaction of $254,669.80. Following the purchase, the director now owns 45,511 shares of the company’s stock, valued at approximately $327,224.09. The disclosure for this purchase can be found here. Insiders purchased 189,879 shares of company stock worth $1,442,220 over the last three months. 16.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TACO. Aigen Investment Management LP bought a new stake in shares of Del Taco Restaurants in the fourth quarter worth $32,000. Royal Bank of Canada grew its stake in shares of Del Taco Restaurants by 545.7% in the second quarter. Royal Bank of Canada now owns 3,422 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 2,892 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Del Taco Restaurants by 21.5% in the fourth quarter. Blair William & Co. IL now owns 13,000 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 2,300 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Del Taco Restaurants in the fourth quarter worth $109,000. Finally, Alta Capital Management LLC grew its stake in shares of Del Taco Restaurants by 14.3% in the third quarter. Alta Capital Management LLC now owns 12,400 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 1,550 shares during the last quarter. 88.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ TACO traded down $0.08 during midday trading on Thursday, reaching $7.67. The company’s stock had a trading volume of 163,974 shares. Del Taco Restaurants has a fifty-two week low of $6.92 and a fifty-two week high of $13.50. The business’s 50 day moving average price is $7.76 and its two-hundred day moving average price is $8.98.

Del Taco Restaurants Company Profile

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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