Brokerages expect Del Taco Restaurants, Inc. (NASDAQ:TACO) to report $122.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Del Taco Restaurants’ earnings, with the lowest sales estimate coming in at $122.00 million and the highest estimate coming in at $124.20 million. Del Taco Restaurants posted sales of $104.57 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings results on Thursday, July 22nd.
On average, analysts expect that Del Taco Restaurants will report full year sales of $523.56 million for the current year, with estimates ranging from $521.20 million to $528.43 million. For the next year, analysts expect that the company will post sales of $542.61 million, with estimates ranging from $535.80 million to $548.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, April 29th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $115.53 million during the quarter, compared to analyst estimates of $115.06 million. Del Taco Restaurants had a return on equity of 7.62% and a net margin of 3.09%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of Del Taco Restaurants by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,034,118 shares of the restaurant operator’s stock valued at $27,486,000 after purchasing an additional 106,046 shares in the last quarter. BlackRock Inc. increased its stake in shares of Del Taco Restaurants by 12.0% in the 1st quarter. BlackRock Inc. now owns 2,308,498 shares of the restaurant operator’s stock valued at $22,114,000 after purchasing an additional 247,918 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Del Taco Restaurants by 4.4% in the 1st quarter. Prudential Financial Inc. now owns 994,767 shares of the restaurant operator’s stock valued at $9,530,000 after purchasing an additional 42,157 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Del Taco Restaurants by 50.7% in the 1st quarter. Renaissance Technologies LLC now owns 798,062 shares of the restaurant operator’s stock valued at $7,645,000 after purchasing an additional 268,434 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Del Taco Restaurants by 3.1% in the 1st quarter. UBS Group AG now owns 646,273 shares of the restaurant operator’s stock valued at $6,192,000 after purchasing an additional 19,312 shares in the last quarter. Institutional investors and hedge funds own 70.99% of the company’s stock.
TACO stock traded down $0.05 during midday trading on Friday, reaching $10.13. The stock had a trading volume of 9,583 shares, compared to its average volume of 302,177. The firm has a market cap of $372.35 million, a PE ratio of 25.45, a PEG ratio of 1.58 and a beta of 2.08. The company has a current ratio of 0.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $10.60. Del Taco Restaurants has a 52-week low of $5.57 and a 52-week high of $11.99.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 27th. Shareholders of record on Thursday, May 13th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, May 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.58%. Del Taco Restaurants’s payout ratio is currently 44.44%.
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 March 10, 2021, it operated approximately 600 restaurants across 16 states.
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