Belfer Management LLC grew its stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,876,512 shares of the restaurant operator’s stock after purchasing an additional 79,900 shares during the quarter. Del Taco Restaurants makes up approximately 100.0% of Belfer Management LLC’s portfolio, making the stock its biggest position. Belfer Management LLC owned 7.44% of Del Taco Restaurants worth $34,863,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Del Taco Restaurants during the third quarter valued at $131,000. Jane Street Group LLC bought a new position in shares of Del Taco Restaurants during the third quarter valued at $158,000. Voya Investment Management LLC bought a new position in shares of Del Taco Restaurants during the second quarter valued at $165,000. Teacher Retirement System of Texas bought a new stake in Del Taco Restaurants in the 4th quarter worth about $146,000. Finally, Victory Capital Management Inc. bought a new stake in Del Taco Restaurants in the 3rd quarter worth about $209,000. 71.88% of the stock is owned by institutional investors.
Del Taco Restaurants Inc (NASDAQ TACO) traded up $0.43 during midday trading on Thursday, hitting $12.77. The stock had a trading volume of 205,500 shares, compared to its average volume of 294,228. The company has a market cap of $477.28, a P/E ratio of 22.44, a P/E/G ratio of 1.27 and a beta of -0.23. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.42. Del Taco Restaurants Inc has a 52-week low of $11.58 and a 52-week high of $15.99.
Several research firms recently commented on TACO. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Wedbush reaffirmed a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Tuesday, January 9th. Maxim Group reissued a “buy” rating and set a $20.00 target price on shares of Del Taco Restaurants in a research note on Monday, January 8th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group reissued a “buy” rating and set a $15.00 target price on shares of Del Taco Restaurants in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.67.
In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $12.25, for a total value of $113,435.00. Following the completion of the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is owned by insiders.
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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.
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