Goldman Sachs Group Inc. grew its holdings in Del Taco Restaurants Inc (NASDAQ:TACO) by 81.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,408,992 shares of the restaurant operator’s stock after buying an additional 1,084,844 shares during the period. Goldman Sachs Group Inc. owned 6.23% of Del Taco Restaurants worth $29,197,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Del Taco Restaurants during the 3rd quarter worth approximately $131,000. Teacher Retirement System of Texas acquired a new stake in Del Taco Restaurants during the 4th quarter worth approximately $146,000. Jane Street Group LLC acquired a new stake in Del Taco Restaurants during the 3rd quarter worth approximately $158,000. Victory Capital Management Inc. acquired a new stake in Del Taco Restaurants during the 3rd quarter worth approximately $209,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Del Taco Restaurants during the 4th quarter worth approximately $298,000. 78.55% of the stock is owned by institutional investors.
Shares of Del Taco Restaurants Inc (NASDAQ TACO) opened at $10.82 on Friday. The firm has a market capitalization of $405.60, a P/E ratio of 8.66, a P/E/G ratio of 1.08 and a beta of -0.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.31 and a current ratio of 0.36. Del Taco Restaurants Inc has a fifty-two week low of $10.45 and a fifty-two week high of $15.99.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Del Taco Restaurants had a return on equity of 5.35% and a net margin of 10.58%. The company had revenue of $146.50 million for the quarter, compared to the consensus estimate of $147.35 million. During the same quarter last year, the business earned $0.20 EPS. Del Taco Restaurants’s revenue was down 2.5% on a year-over-year basis. analysts predict that Del Taco Restaurants Inc will post 0.62 earnings per share for the current year.
Several analysts recently weighed in on TACO shares. BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a report on Tuesday. TheStreet raised Del Taco Restaurants from a “c” rating to a “b-” rating in a report on Wednesday, December 13th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Maxim Group reissued a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Del Taco Restaurants in a report on Thursday, March 15th. Finally, Wedbush reissued a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.50.
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Del Taco Restaurants Company Profile
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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