$147.50 Million in Sales Expected for Del Taco Restaurants Inc (TACO) This Quarter

Equities analysts expect Del Taco Restaurants Inc (NASDAQ:TACO) to post sales of $147.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Del Taco Restaurants’ earnings, with estimates ranging from $146.40 million to $148.60 million. Del Taco Restaurants reported sales of $150.24 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The company is scheduled to report its next earnings report on Monday, March 12th.

According to Zacks, analysts expect that Del Taco Restaurants will report full year sales of $147.50 million for the current year, with estimates ranging from $471.40 million to $473.70 million. For the next year, analysts expect that the business will post sales of $506.04 million per share, with estimates ranging from $499.20 million to $511.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $110.46 million. During the same period in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Wedbush reissued a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.67.

Shares of Del Taco Restaurants (NASDAQ:TACO) opened at $13.31 on Wednesday. Del Taco Restaurants has a 1 year low of $11.58 and a 1 year 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 $520.98, a price-to-earnings ratio of 23.77, a PEG ratio of 1.42 and a beta of -0.29.

In other news, SVP David Pear sold 9,260 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $12.25, for a total transaction of $113,435.00. Following the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence F. Levy bought 200,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were acquired at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the completion of the transaction, the director now directly owns 18,356 shares in the company, valued at approximately $230,184.24. The disclosure for this purchase can be found here. 14.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of 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 buying an additional 467,077 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 345,199 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Del Taco Restaurants by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,892,950 shares of the restaurant operator’s stock valued at $29,038,000 after buying an additional 40,230 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $18,854,000 after buying an additional 137,941 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Del Taco Restaurants by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,225,447 shares of the restaurant operator’s stock valued at $18,798,000 after buying an additional 41,685 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

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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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