Wall Street analysts expect that Del Taco Restaurants Inc (NASDAQ:TACO) will announce earnings per share (EPS) of $0.17 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Del Taco Restaurants’ earnings. Del Taco Restaurants posted earnings per share of $0.19 during the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The company is scheduled to report its next quarterly earnings results on Monday, March 12th.

On average, analysts expect that Del Taco Restaurants will report full-year earnings of $0.54 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.53 to $0.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 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 business had revenue of $110.99 million for the quarter, compared to the consensus estimate of $110.46 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.

A number of equities analysts have recently commented on TACO shares. BTIG Research cut their target price on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, August 30th. Maxim Group reaffirmed a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a research note on Wednesday, October 4th. TheStreet downgraded shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Friday, October 20th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research note on Wednesday, September 13th. Two equities research 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. The stock has a consensus rating of “Hold” and a consensus target price of $16.67.

Del Taco Restaurants (TACO) opened at $12.00 on Wednesday. Del Taco Restaurants has a one year low of $11.58 and a one year high of $15.99. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $470.70, a price-to-earnings ratio of 22.13, a PEG ratio of 1.35 and a beta of -0.29.

In related news, Director Lawrence F. Levy acquired 200,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was bought at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the acquisition, the director now directly owns 18,356 shares in the company, valued at $230,184.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Del Taco Restaurants by 2,349.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 594,017 shares of the restaurant operator’s stock valued at $8,168,000 after purchasing an additional 569,769 shares during the period. FMR LLC boosted its stake 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 valued at $64,421,000 after purchasing an additional 467,077 shares during the period. Dimensional Fund Advisors LP boosted its stake in Del Taco Restaurants by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,964 shares of the restaurant operator’s stock valued at $35,113,000 after purchasing an additional 345,199 shares during the period. Royce & Associates LP boosted its stake in Del Taco Restaurants by 82.2% during the 3rd quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock valued at $11,667,000 after purchasing an additional 343,171 shares during the period. Finally, RK Capital Management LLC boosted its stake 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 valued at $9,493,000 after purchasing an additional 303,000 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

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Del Taco Restaurants Company Profile

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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