Equities research analysts forecast that Del Taco Restaurants Inc (NASDAQ:TACO) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Del Taco Restaurants’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. Del Taco Restaurants posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is scheduled to announce its next earnings report on Wednesday, March 13th.

On average, analysts expect that Del Taco Restaurants will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.56. For the next financial year, analysts forecast that the company will report earnings of $0.56 per share, with EPS estimates ranging from $0.55 to $0.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Del Taco Restaurants.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, January 18th. BidaskClub lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. BTIG Research lowered shares of Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Wednesday, October 17th. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research note on Friday, February 1st. Finally, Citigroup lowered their price objective on shares of Del Taco Restaurants from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Del Taco Restaurants has an average rating of “Buy” and a consensus target price of $14.43.

In related news, SVP David Pear sold 5,982 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $10.15, for a total value of $60,717.30. Following the transaction, the senior vice president now owns 131,710 shares in the company, valued at approximately $1,336,856.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 14.60% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Emerald Advisers LLC grew its position in shares of Del Taco Restaurants by 0.3% during the 4th quarter. Emerald Advisers LLC now owns 856,746 shares of the restaurant operator’s stock worth $8,559,000 after purchasing an additional 2,290 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Del Taco Restaurants by 10.2% during the 4th quarter. Prudential Financial Inc. now owns 56,798 shares of the restaurant operator’s stock worth $567,000 after purchasing an additional 5,268 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Del Taco Restaurants by 10.7% during the 3rd 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 in the last quarter. MetLife Investment Advisors LLC grew its position in shares of Del Taco Restaurants by 56.0% during the 3rd 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 in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Del Taco Restaurants by 17.0% during the 4th quarter. First Trust Advisors LP now owns 63,308 shares of the restaurant operator’s stock worth $632,000 after purchasing an additional 9,208 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Shares of Del Taco Restaurants stock traded down $0.01 during trading on Monday, hitting $10.50. 3,708 shares of the stock were exchanged, compared to its average volume of 199,343. The firm has a market capitalization of $396.48 million, a PE ratio of 20.19, a P/E/G ratio of 1.18 and a beta of 0.21. Del Taco Restaurants has a 1-year low of $9.45 and a 1-year high of $14.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.28 and a quick ratio of 0.24.

Del Taco Restaurants Company Profile

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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