Del Taco Restaurants Inc Expected to Post Q1 2021 Earnings of $0.06 Per Share (NASDAQ:TACO)

Del Taco Restaurants Inc (NASDAQ:TACO) – Piper Jaffray Companies issued their Q1 2021 earnings per share (EPS) estimates for Del Taco Restaurants in a report issued on Tuesday, November 19th. Piper Jaffray Companies analyst N. Regan expects that the restaurant operator will post earnings per share of $0.06 for the quarter. Piper Jaffray Companies also issued estimates for Del Taco Restaurants’ Q2 2021 earnings at $0.15 EPS and Q3 2021 earnings at $0.11 EPS.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Monday, October 21st. The restaurant operator reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Del Taco Restaurants had a net margin of 0.29% and a return on equity of 4.11%. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $119.27 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year.

A number of other brokerages also recently issued reports on TACO. TheStreet downgraded Del Taco Restaurants from a “b-” rating to a “c+” rating in a research note on Thursday, October 3rd. BidaskClub downgraded Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Friday, September 20th. Wedbush lowered their price target on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Maxim Group reissued a “buy” rating on shares of Del Taco Restaurants in a report on Wednesday, July 31st. Finally, Zacks Investment Research cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.33.

Del Taco Restaurants stock traded down $0.05 during trading on Thursday, reaching $7.35. 763,400 shares of the company were exchanged, compared to its average volume of 369,809. The stock’s 50 day simple moving average is $8.55 and its two-hundred day simple moving average is $10.78. The company has a market capitalization of $288.69 million, a P/E ratio of 13.13, a PEG ratio of 1.36 and a beta of 0.22. Del Taco Restaurants has a 52-week low of $7.02 and a 52-week high of $13.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.37.

A number of large investors have recently added to or reduced their stakes in TACO. Advisory Services Network LLC bought a new position in Del Taco Restaurants in the 2nd quarter valued at $45,000. Royal Bank of Canada grew its position in Del Taco Restaurants by 545.7% in the 2nd quarter. Royal Bank of Canada now owns 3,422 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 2,892 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Del Taco Restaurants in the 2nd quarter valued at $61,000. Aperio Group LLC bought a new position in Del Taco Restaurants in the 2nd quarter valued at $61,000. Finally, Alta Capital Management LLC grew its position in Del Taco Restaurants by 14.3% in the 3rd quarter. Alta Capital Management LLC now owns 12,400 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 1,550 shares during the last quarter. Institutional investors own 89.68% of the company’s stock.

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 December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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