Parametric Portfolio Associates LLC lowered its stake in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 41.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,553 shares of the restaurant operator’s stock after selling 62,210 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.23% of Del Taco Restaurants worth $1,161,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC raised its position in shares of Del Taco Restaurants by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,187,195 shares of the restaurant operator’s stock valued at $15,778,000 after buying an additional 81,101 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Del Taco Restaurants by 98.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,315 shares of the restaurant operator’s stock valued at $16,667,000 after buying an additional 585,518 shares during the last quarter. Boston Partners raised its position in shares of Del Taco Restaurants by 8.5% in the first quarter. Boston Partners now owns 426,440 shares of the restaurant operator’s stock valued at $5,654,000 after buying an additional 33,510 shares during the last quarter. Tygh Capital Management Inc. raised its position in shares of Del Taco Restaurants by 13.0% in the first quarter. Tygh Capital Management Inc. now owns 391,263 shares of the restaurant operator’s stock valued at $5,188,000 after buying an additional 44,935 shares during the last quarter. Finally, State Street Corp raised its position in shares of 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. Institutional investors and hedge funds own 68.68% of the company’s stock.
Del Taco Restaurants, Inc. (NASDAQ TACO) opened at 12.31 on Friday. Del Taco Restaurants, Inc. has a 12-month low of $9.96 and a 12-month high of $15.32. The company has a 50-day moving average of $13.42 and a 200 day moving average of $13.29. The stock has a market cap of $474.16 million, a price-to-earnings ratio of 22.46 and a beta of -0.19.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $105.35 million during the quarter, compared to analysts’ expectations of $105.22 million. Del Taco Restaurants had a return on equity of 5.81% and a net margin of 4.80%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. Equities analysts anticipate that Del Taco Restaurants, Inc. will post $0.56 earnings per share for the current year.
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TACO has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a report on Friday, May 5th. BidaskClub lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Wedbush reiterated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a report on Friday, May 5th. Zacks Investment Research lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Maxim Group reiterated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a report on Thursday, June 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.57.
In other news, Director Eileen A. Aptman purchased 26,010 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $12.97 per share, with a total value of $337,349.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.60% of the company’s stock.
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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