Wall Street analysts predict that Del Taco Restaurants, Inc. (NASDAQ:TACO) will report sales of $110.66 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Del Taco Restaurants’ earnings, with the highest sales estimate coming in at $111.92 million and the lowest estimate coming in at $109.40 million. Del Taco Restaurants reported sales of $104.42 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 19th.

According to Zacks, analysts expect that Del Taco Restaurants will report full year sales of $110.66 million for the current year, with estimates ranging from $470.40 million to $475.88 million. For the next fiscal year, analysts expect that the firm will post sales of $509.08 million per share, with estimates ranging from $507.20 million to $510.95 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS.

Several research firms have issued reports on TACO. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a report on Thursday, October 12th. Maxim Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, October 4th. BTIG Research reaffirmed a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Monday, September 25th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Del Taco Restaurants has an average rating of “Hold” and a consensus price target of $17.00.

A number of large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Del Taco Restaurants by 11.1% during the 2nd quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock worth $64,421,000 after buying an additional 467,077 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Del Taco Restaurants by 21.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,943,765 shares of the restaurant operator’s stock worth $26,727,000 after buying an additional 340,701 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Del Taco Restaurants by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock worth $18,854,000 after buying an additional 137,941 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Del Taco Restaurants by 24.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 742,868 shares of the restaurant operator’s stock worth $10,214,000 after buying an additional 145,736 shares in the last quarter. Finally, RK Capital Management LLC lifted its holdings in Del Taco Restaurants by 78.2% during the 2nd quarter. RK Capital Management LLC now owns 690,387 shares of the restaurant operator’s stock worth $9,493,000 after buying an additional 303,000 shares in the last quarter. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Del Taco Restaurants (TACO) opened at 15.40 on Thursday. Del Taco Restaurants has a 52 week low of $11.58 and a 52 week high of $15.99. The company has a market cap of $595.76 million, a P/E ratio of 27.11 and a beta of -0.20. The firm’s 50-day moving average price is $14.93 and its 200 day moving average price is $13.59.

About Del Taco Restaurants

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

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

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