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.
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.
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