Adams Asset Advisors LLC Takes Position in Del Taco Restaurants Inc (TACO)

Adams Asset Advisors LLC acquired a new stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 84,221 shares of the restaurant operator’s stock, valued at approximately $1,020,000. Adams Asset Advisors LLC owned about 0.22% of Del Taco Restaurants at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. North Star Investment Management Corp. purchased a new position in Del Taco Restaurants in the 4th quarter worth $1,714,000. Jane Street Group LLC purchased a new position in Del Taco Restaurants in the 3rd quarter worth $158,000. Granite Point Capital Management L.P. purchased a new position in Del Taco Restaurants in the 3rd quarter worth $913,000. Royce & Associates LP raised its stake in Del Taco Restaurants by 82.2% in the 3rd quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock worth $11,667,000 after acquiring an additional 343,171 shares during the last quarter. Finally, RK Capital Management LLC raised its stake in Del Taco Restaurants by 10.0% in the 3rd quarter. RK Capital Management LLC now owns 759,187 shares of the restaurant operator’s stock worth $11,646,000 after acquiring an additional 68,800 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

In other news, SVP David Pear sold 9,260 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $12.25, for a total transaction of $113,435.00. Following the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by company insiders.

Shares of Del Taco Restaurants Inc (NASDAQ:TACO) opened at $12.59 on Friday. Del Taco Restaurants Inc has a 12-month low of $11.58 and a 12-month high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The company has a market capitalization of $491.59, a PE ratio of 22.48, a PEG ratio of 1.34 and a beta of -0.23.

TACO has been the subject of a number of research analyst reports. Jefferies Group restated a “buy” rating and issued a $16.00 target price on shares of Del Taco Restaurants in a research note on Thursday, October 12th. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. BTIG Research cut their price target on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a research report on Friday, October 20th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.67.

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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.

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

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