Analysts predict that Del Taco Restaurants, Inc. (NASDAQ:TACO) will report earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Del Taco Restaurants’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.13. Del Taco Restaurants also posted earnings per share of $0.13 in the same quarter last year. The business is expected to issue its next earnings results on Monday, October 16th.

On average, analysts expect that Del Taco Restaurants will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.55 to $0.56. For the next financial year, analysts forecast that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.59 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The business had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.08 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis.

Several analysts have commented on the stock. BidaskClub lowered shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, July 26th. Finally, Wedbush reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.43.

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Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Del Taco Restaurants by 21.6% in the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in Del Taco Restaurants by 41.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 140,500 shares of the restaurant operator’s stock valued at $1,863,000 after buying an additional 41,500 shares during the last quarter. State Street Corp increased its position in Del Taco Restaurants by 4.8% in the fourth quarter. State Street Corp now owns 373,077 shares of the restaurant operator’s stock valued at $5,266,000 after buying an additional 17,013 shares during the last quarter. Millrace Asset Group Inc. increased its position in Del Taco Restaurants by 24.3% in the first quarter. Millrace Asset Group Inc. now owns 167,504 shares of the restaurant operator’s stock valued at $2,221,000 after buying an additional 32,748 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Del Taco Restaurants by 0.8% in the first quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 65.78% of the company’s stock.

Del Taco Restaurants (TACO) traded up 1.82% during midday trading on Tuesday, hitting $13.45. 415,294 shares of the company traded hands. The stock’s 50-day moving average price is $12.90 and its 200 day moving average price is $13.08. The company has a market capitalization of $520.33 million, a price-to-earnings ratio of 23.68 and a beta of -0.21. Del Taco Restaurants has a 12-month low of $10.75 and a 12-month high of $15.32.

About Del Taco Restaurants

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

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

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