Del Taco Restaurants Inc (NASDAQ:TACO) Stake Lessened by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 53.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,524 shares of the restaurant operator’s stock after selling 84,004 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.20% of Del Taco Restaurants worth $750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TACO. BlackRock Inc. grew its position in Del Taco Restaurants by 1.2% during the third quarter. BlackRock Inc. now owns 2,458,578 shares of the restaurant operator’s stock valued at $29,036,000 after buying an additional 30,200 shares during the period. Renaissance Technologies LLC boosted its position in Del Taco Restaurants by 11.4% during the third quarter. Renaissance Technologies LLC now owns 771,700 shares of the restaurant operator’s stock worth $9,114,000 after purchasing an additional 79,200 shares during the period. MetLife Investment Advisors LLC boosted its position in Del Taco Restaurants by 56.0% during the third quarter. MetLife Investment Advisors LLC now owns 25,263 shares of the restaurant operator’s stock worth $298,000 after purchasing an additional 9,067 shares during the period. AQR Capital Management LLC boosted its position in Del Taco Restaurants by 199.5% during the third quarter. AQR Capital Management LLC now owns 105,998 shares of the restaurant operator’s stock worth $1,252,000 after purchasing an additional 70,604 shares during the period. Finally, Teachers Advisors LLC boosted its position in Del Taco Restaurants by 10.7% during the third quarter. Teachers Advisors LLC now owns 65,320 shares of the restaurant operator’s stock worth $771,000 after purchasing an additional 6,301 shares during the period. Institutional investors own 80.17% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Maxim Group reiterated a “buy” rating and set a $14.00 target price on shares of Del Taco Restaurants in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Del Taco Restaurants in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.14.

Shares of Del Taco Restaurants stock traded down $0.06 on Wednesday, reaching $10.88. The stock had a trading volume of 224,292 shares, compared to its average volume of 260,345. Del Taco Restaurants Inc has a 1 year low of $9.45 and a 1 year high of $14.83. The company has a market cap of $399.80 million, a price-to-earnings ratio of 19.43, a PEG ratio of 1.44 and a beta of 0.19. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Del Taco Restaurants had a return on equity of 4.75% and a net margin of 3.38%. The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $114.22 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Del Taco Restaurants Inc will post 0.5 earnings per share for the current year.

In other news, SVP David Pear sold 13,500 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $11.85, for a total value of $159,975.00. Following the sale, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at $1,400,788.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 16.40% of the company’s stock.

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Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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

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