Zacks: Brokerages Expect Del Taco Restaurants, Inc. (TACO) to Announce $0.17 EPS
Wall Street brokerages expect Del Taco Restaurants, Inc. (NASDAQ:TACO) to post $0.17 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Del Taco Restaurants’ earnings. Del Taco Restaurants posted earnings per share of $0.19 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The firm is expected to issue its next quarterly earnings report on Monday, March 12th.
According to Zacks, analysts expect that Del Taco Restaurants will report full-year earnings of $0.54 per share for the current year. For the next year, analysts expect that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.53 to $0.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The company had revenue of $110.99 million during the quarter, compared to the consensus estimate of $110.46 million. During the same period last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Wedbush restated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Friday, October 20th. Maxim Group restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Friday, October 20th. BTIG Research cut their price objective on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.67.
Shares of Del Taco Restaurants (NASDAQ TACO) opened at $12.65 on Monday. Del Taco Restaurants has a 12-month low of $11.58 and a 12-month high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The stock has a market cap of $489.27, a P/E ratio of 23.00, a PEG ratio of 1.41 and a beta of -0.27.
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In related news, Director Lawrence F. Levy acquired 200,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $2,508,000.00. Following the transaction, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 14.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TACO. Bank of Montreal Can grew its stake in Del Taco Restaurants by 5,995.7% in the 2nd quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 9,653 shares during the period. Voya Investment Management LLC purchased a new stake in Del Taco Restaurants in the 2nd quarter worth approximately $165,000. American International Group Inc. grew its stake in Del Taco Restaurants by 7.0% in the 1st quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 927 shares during the period. Martingale Asset Management L P purchased a new stake in Del Taco Restaurants in the 2nd quarter worth approximately $200,000. Finally, Victory Capital Management Inc. purchased a new stake in Del Taco Restaurants in the 3rd quarter worth approximately $209,000. 70.18% of the stock is owned by hedge funds and other institutional investors.
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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