Dimensional Fund Advisors LP Raises Position in Del Taco Restaurants Inc (TACO)

Dimensional Fund Advisors LP increased its stake in Del Taco Restaurants Inc (NASDAQ:TACO) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,288,964 shares of the restaurant operator’s stock after purchasing an additional 345,199 shares during the quarter. Dimensional Fund Advisors LP owned 5.92% of Del Taco Restaurants worth $35,113,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Del Taco Restaurants in the third quarter worth approximately $131,000. Voya Investment Management LLC purchased a new stake in Del Taco Restaurants in the second quarter worth approximately $165,000. Victory Capital Management Inc. purchased a new stake in Del Taco Restaurants in the third quarter worth approximately $209,000. Martingale Asset Management L P purchased a new stake in Del Taco Restaurants in the second quarter worth approximately $200,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Del Taco Restaurants in the second quarter worth approximately $249,000. Institutional investors own 81.39% of the company’s stock.

Del Taco Restaurants Inc (NASDAQ:TACO) opened at $13.47 on Friday. 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. The firm has a market cap of $518.28, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.41 and a beta of -0.29.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The business had revenue of $110.99 million for the quarter, compared to the consensus estimate of $110.46 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that Del Taco Restaurants Inc will post 0.54 EPS for the current fiscal year.

In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the transaction, the senior vice president now directly owns 115,412 shares in the company, valued at $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence F. Levy purchased 200,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was acquired at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the completion of the transaction, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The disclosure for this purchase can be found here. 14.60% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Wedbush restated a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of Del Taco Restaurants in a report on Monday, January 8th. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Jefferies Group restated a “buy” rating and issued a $15.00 target price on shares of Del Taco Restaurants in a report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” 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.

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

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