Del Taco Restaurants, Inc. (NASDAQ:TACO) Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,600 shares of the restaurant operator’s stock after selling 123,400 shares during the period. Renaissance Technologies LLC owned approximately 0.63% of Del Taco Restaurants worth $3,230,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. American International Group Inc. boosted its position in Del Taco Restaurants by 7.0% in the first quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after buying an additional 927 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Del Taco Restaurants during the first quarter worth approximately $317,000. UBS Asset Management Americas Inc. acquired a new position in Del Taco Restaurants during the first quarter worth approximately $322,000. Wells Fargo & Company MN boosted 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 worth $345,000 after buying an additional 200 shares during the period. Finally, Balter Liquid Alternatives LLC acquired a new position in Del Taco Restaurants during the first quarter worth approximately $435,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.

Del Taco Restaurants, Inc. (TACO) traded up 1.52% during midday trading on Friday, hitting $12.70. The company’s stock had a trading volume of 280,710 shares. The company has a market cap of $491.31 million, a PE ratio of 22.36 and a beta of -0.21. Del Taco Restaurants, Inc. has a 52-week low of $10.41 and a 52-week high of $15.32. The stock has a 50 day moving average of $13.10 and a 200 day moving average of $13.15.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, equities analysts expect that Del Taco Restaurants, Inc. will post $0.55 EPS for the current year.

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A number of equities analysts have issued reports on the company. BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Del Taco Restaurants in a report on Friday, May 5th. Wedbush reaffirmed a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a report on Friday, May 5th. Zacks Investment Research cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.57.

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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Institutional Ownership by Quarter for Del Taco Restaurants (NASDAQ:TACO)

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