Wall Street brokerages expect Del Taco Restaurants Inc (NASDAQ:TACO) to post sales of $121.15 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Del Taco Restaurants’ earnings. The lowest sales estimate is $120.50 million and the highest is $121.84 million. Del Taco Restaurants posted sales of $117.81 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is expected to announce its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Del Taco Restaurants will report full year sales of $520.41 million for the current financial year, with estimates ranging from $518.70 million to $523.62 million. For the next fiscal year, analysts forecast that the company will post sales of $534.86 million, with estimates ranging from $515.30 million to $545.58 million. Zacks’ sales averages are an average based on a survey of analysts that follow Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Del Taco Restaurants had a net margin of 3.38% and a return on equity of 4.75%. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $114.22 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 1.5% on a year-over-year basis.

A number of research firms recently issued reports on TACO. BidaskClub upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. ValuEngine downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Del Taco Restaurants in a research report on Friday, February 1st. Finally, Maxim Group reiterated a “buy” rating and set a $14.00 target price on shares of Del Taco Restaurants in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.14.

In other Del Taco Restaurants news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $11.85, for a total transaction of $159,975.00. Following the transaction, the senior vice president now owns 118,210 shares in the company, valued at $1,400,788.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SEI Investments Co raised its holdings in Del Taco Restaurants by 57.2% during the first quarter. SEI Investments Co now owns 86,455 shares of the restaurant operator’s stock worth $870,000 after buying an additional 31,462 shares during the last quarter. Jefferies Group LLC acquired a new position in Del Taco Restaurants during the first quarter worth $480,000. Geode Capital Management LLC raised its holdings in Del Taco Restaurants by 12.3% during the first quarter. Geode Capital Management LLC now owns 431,217 shares of the restaurant operator’s stock worth $4,338,000 after buying an additional 47,169 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Del Taco Restaurants by 6.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 73,477 shares of the restaurant operator’s stock worth $740,000 after buying an additional 4,350 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Del Taco Restaurants by 18.8% during the first quarter. Renaissance Technologies LLC now owns 713,500 shares of the restaurant operator’s stock worth $7,178,000 after buying an additional 112,900 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Shares of Del Taco Restaurants stock traded up $0.21 during trading on Wednesday, reaching $11.51. 301,749 shares of the company traded hands, compared to its average volume of 409,595. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.88. Del Taco Restaurants has a 1-year low of $9.45 and a 1-year high of $14.83. The company has a market capitalization of $415.23 million, a PE ratio of 20.55, a PEG ratio of 1.44 and a beta of 0.19.

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

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