Equities analysts expect Del Taco Restaurants, Inc. (NASDAQ:TACO) to announce earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Del Taco Restaurants’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Del Taco Restaurants reported earnings of $0.20 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 30%. The firm is scheduled to issue its next earnings report on Monday, March 14th.
According to Zacks, analysts expect that Del Taco Restaurants will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.50. For the next year, analysts expect that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.52 to $0.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, October 14th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Del Taco Restaurants had a net margin of 3.83% and a return on equity of 9.43%. During the same period in the previous year, the firm earned $0.16 earnings per share.
Shares of TACO traded down $0.04 during mid-day trading on Friday, reaching $8.08. The stock had a trading volume of 158,368 shares, compared to its average volume of 263,119. The firm has a market capitalization of $294.05 million, a price-to-earnings ratio of 15.25 and a beta of 1.98. The business’s fifty day moving average price is $8.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.16 and a current ratio of 0.19. Del Taco Restaurants has a 12 month low of $8.01 and a 12 month high of $11.99.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Wednesday, November 3rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, November 2nd. Del Taco Restaurants’s dividend payout ratio is currently 30.19%.
Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of Del Taco Restaurants by 29.6% during the first quarter. Morgan Stanley now owns 241,013 shares of the restaurant operator’s stock valued at $2,309,000 after acquiring an additional 55,006 shares during the last quarter. Man Group plc raised its holdings in shares of Del Taco Restaurants by 45.9% in the 1st quarter. Man Group plc now owns 61,000 shares of the restaurant operator’s stock worth $584,000 after purchasing an additional 19,200 shares during the period. AQR Capital Management LLC raised its holdings in shares of Del Taco Restaurants by 4.9% in the 1st quarter. AQR Capital Management LLC now owns 268,664 shares of the restaurant operator’s stock worth $2,574,000 after purchasing an additional 12,667 shares during the period. Bel Air Investment Advisors LLC purchased a new position in shares of Del Taco Restaurants in the 2nd quarter worth about $501,000. Finally, LPL Financial LLC purchased a new position in shares of Del Taco Restaurants in the 2nd quarter worth about $128,000. Institutional investors and hedge funds own 76.72% of the company’s stock.
Del Taco Restaurants Company Profile
Del Taco Restaurants, Inc engages in developing, franchising, owning, and operating dining place. It features made-to-order cuisine both Mexican inspired and American classic dishes. Its menu includes tacos and burritos, Double Del cheeseburgers, crinkle-cut fries, and milkshakes. The company was founded by Ed Hackbarth and David Jameson in 1964 and is headquartered in Lake Forest, CA.
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