New York State Common Retirement Fund boosted its stake in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 49.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,300 shares of the restaurant operator’s stock after buying an additional 11,699 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Del Taco Restaurants worth $485,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in TACO. Bank of Montreal Can lifted its holdings in Del Taco Restaurants by 5,995.7% during the 2nd quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock worth $135,000 after buying an additional 9,653 shares during the period. American International Group Inc. lifted its holdings in Del Taco Restaurants by 7.0% during the 1st 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. Martingale Asset Management L P acquired a new position in Del Taco Restaurants during the 2nd quarter worth about $200,000. AXA acquired a new position in Del Taco Restaurants during the 2nd quarter worth about $293,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Del Taco Restaurants during the 1st quarter worth about $322,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.
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In other Del Taco Restaurants news, Director Lawrence F. Levy acquired 200,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were bought at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at $230,184.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.60% of the stock is owned by insiders.
Del Taco Restaurants, Inc. (NASDAQ:TACO) opened at $12.04 on Tuesday. The stock has a market capitalization of $469.54, a PE ratio of 22.07, a PEG ratio of 1.35 and a beta of -0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.24. Del Taco Restaurants, Inc. has a 52 week low of $11.58 and a 52 week high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $110.99 million for the quarter, compared to the consensus estimate of $110.46 million. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. sell-side analysts predict that Del Taco Restaurants, Inc. will post 0.54 earnings per share for the current fiscal year.
Several research analysts have commented on TACO shares. Zacks Investment Research raised Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Saturday, September 16th. BidaskClub downgraded Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet downgraded Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Finally, BTIG Research reaffirmed a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Del Taco Restaurants currently has a consensus rating of “Hold” and an average target price of $16.67.
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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