$0.13 Earnings Per Share Expected for Del Taco Restaurants Inc (NASDAQ:TACO) This Quarter
Equities analysts expect Del Taco Restaurants Inc (NASDAQ:TACO) to report earnings of $0.13 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Del Taco Restaurants’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.12. Del Taco Restaurants reported earnings per share of $0.14 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The company is expected to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Del Taco Restaurants will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.51. For the next fiscal year, analysts anticipate that the company will report earnings of $0.55 per share, with EPS estimates ranging from $0.51 to $0.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Monday, May 6th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $114.20 million during the quarter, compared to analyst estimates of $114.22 million. Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS.
In other news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total transaction of $159,975.00. Following the completion of the sale, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at $1,400,788.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 16.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TACO. Boston Partners lifted its holdings in shares of Del Taco Restaurants by 138.3% during the fourth quarter. Boston Partners now owns 727,860 shares of the restaurant operator’s stock valued at $7,271,000 after purchasing an additional 422,453 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Del Taco Restaurants during the fourth quarter valued at $2,556,000. Martingale Asset Management L P lifted its holdings in shares of Del Taco Restaurants by 925.0% during the first quarter. Martingale Asset Management L P now owns 193,716 shares of the restaurant operator’s stock valued at $1,950,000 after purchasing an additional 174,816 shares during the last quarter. Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of Del Taco Restaurants by 19.9% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 695,335 shares of the restaurant operator’s stock valued at $6,946,000 after purchasing an additional 115,530 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Del Taco Restaurants by 18.8% during the first quarter. Renaissance Technologies LLC now owns 713,500 shares of the restaurant operator’s stock valued at $7,178,000 after purchasing an additional 112,900 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.
Shares of Del Taco Restaurants stock traded up $0.21 during trading on Wednesday, hitting $11.29. The stock had a trading volume of 328,705 shares, compared to its average volume of 257,649. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $407.19 million, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.10. Del Taco Restaurants has a fifty-two week low of $9.45 and a fifty-two week high of $14.83.
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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