Del Taco Restaurants Inc (TACO) Expected to Post Quarterly Sales of $157.57 Million

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Analysts expect that Del Taco Restaurants Inc (NASDAQ:TACO) will report $157.57 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Del Taco Restaurants’ earnings. The lowest sales estimate is $156.50 million and the highest is $158.60 million. Del Taco Restaurants reported sales of $146.54 million in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The business is scheduled to announce its next earnings results on Wednesday, March 13th.

According to Zacks, analysts expect that Del Taco Restaurants will report full-year sales of $505.77 million for the current fiscal year, with estimates ranging from $504.70 million to $506.80 million. For the next financial year, analysts forecast that the firm will post sales of $532.28 million, with estimates ranging from $529.60 million to $535.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $119.84 million. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS.

Several equities research analysts have recently commented on TACO shares. Maxim Group reissued a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a research note on Wednesday, September 26th. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. TheStreet cut Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Monday, October 22nd. Dougherty & Co set a $17.00 price objective on Del Taco Restaurants and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, ValuEngine raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Del Taco Restaurants presently has an average rating of “Buy” and a consensus price target of $14.75.

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Del Taco Restaurants by 21.3% during the third quarter. Morgan Stanley now owns 112,119 shares of the restaurant operator’s stock worth $1,323,000 after purchasing an additional 19,672 shares during the period. Teachers Advisors LLC grew its stake in shares of Del Taco Restaurants by 10.7% during the third quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock worth $771,000 after purchasing an additional 6,301 shares during the period. AQR Capital Management LLC grew its stake in shares of Del Taco Restaurants by 199.5% during the third quarter. AQR Capital Management LLC now owns 105,998 shares of the restaurant operator’s stock worth $1,252,000 after purchasing an additional 70,604 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Del Taco Restaurants by 56.0% during the third quarter. MetLife Investment Advisors LLC now owns 25,263 shares of the restaurant operator’s stock worth $298,000 after purchasing an additional 9,067 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in shares of Del Taco Restaurants during the third quarter worth $238,000. 84.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ TACO traded down $0.32 during midday trading on Tuesday, hitting $10.70. The stock had a trading volume of 326,693 shares, compared to its average volume of 345,290. The stock has a market capitalization of $427.11 million, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.29 and a beta of 0.07. Del Taco Restaurants has a fifty-two week low of $9.45 and a fifty-two week high of $14.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.28.

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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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