$121.15 Million in Sales Expected for Del Taco Restaurants Inc (NASDAQ:TACO) This Quarter

Share on StockTwits

Wall Street analysts expect that Del Taco Restaurants Inc (NASDAQ:TACO) will post sales of $121.15 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Del Taco Restaurants’ earnings, with the highest sales estimate coming in at $121.84 million and the lowest estimate coming in at $120.50 million. Del Taco Restaurants posted sales of $117.81 million during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is expected to issue its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Del Taco Restaurants will report full year sales of $520.41 million for the current year, with estimates ranging from $518.70 million to $523.62 million. For the next fiscal year, analysts anticipate that the company will post sales of $534.86 million, with estimates ranging from $515.30 million to $545.58 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Del Taco Restaurants.

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

TACO has been the subject of a number of analyst reports. Maxim Group reissued a “buy” rating and set a $14.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, May 7th. ValuEngine raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.14.

Shares of TACO stock traded up $0.21 during trading hours on Friday, reaching $11.29. 328,705 shares of the company’s stock were exchanged, compared to its average volume of 257,649. The company 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 1 year low of $9.45 and a 1 year high of $14.83. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88.

In related news, SVP David Pear sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total value of $159,975.00. Following the completion of the transaction, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at approximately $1,400,788.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.40% of the company’s stock.

A number of large investors have recently made changes to their positions in TACO. Boston Partners grew its holdings in Del Taco Restaurants by 138.3% during the 4th quarter. Boston Partners now owns 727,860 shares of the restaurant operator’s stock valued at $7,271,000 after buying an additional 422,453 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Del Taco Restaurants during the 4th quarter valued at $2,556,000. Martingale Asset Management L P grew its holdings in Del Taco Restaurants by 925.0% during the 1st quarter. Martingale Asset Management L P now owns 193,716 shares of the restaurant operator’s stock valued at $1,950,000 after buying an additional 174,816 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in Del Taco Restaurants by 19.9% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 695,335 shares of the restaurant operator’s stock valued at $6,946,000 after buying an additional 115,530 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Del Taco Restaurants by 18.8% during the 1st quarter. Renaissance Technologies LLC now owns 713,500 shares of the restaurant operator’s stock valued at $7,178,000 after buying an additional 112,900 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

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.

See Also: What is required to own or exchange cryptocurrency?

Get a free copy of the Zacks research report on Del Taco Restaurants (TACO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

DeepBrain Chain  Price Up 4.1% This Week
DeepBrain Chain Price Up 4.1% This Week
$121.15 Million in Sales Expected for Del Taco Restaurants Inc  This Quarter
$121.15 Million in Sales Expected for Del Taco Restaurants Inc This Quarter
Tocagen  Sees Strong Trading Volume
Tocagen Sees Strong Trading Volume
Oxford Industries  Issues FY 2019 Earnings Guidance
Oxford Industries Issues FY 2019 Earnings Guidance
Dock  Trading Up 10% This Week
Dock Trading Up 10% This Week
MetaMorph Trading Down 14.4% Over Last 7 Days
MetaMorph Trading Down 14.4% Over Last 7 Days


© 2006-2019 Ticker Report