Victory Capital Management Inc. purchased a new position in shares of Del Taco Restaurants Inc (NASDAQ:TACO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,820 shares of the restaurant operator’s stock, valued at approximately $330,000. Victory Capital Management Inc. owned about 0.09% of Del Taco Restaurants as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Del Taco Restaurants by 5.0% during the third quarter. Vanguard Group Inc. now owns 1,498,840 shares of the restaurant operator’s stock worth $17,701,000 after purchasing an additional 71,602 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of Del Taco Restaurants by 0.5% during the first quarter. Emerald Advisers LLC now owns 860,896 shares of the restaurant operator’s stock worth $8,661,000 after purchasing an additional 4,150 shares during the period. Boston Partners raised its holdings in shares of Del Taco Restaurants by 138.3% during the fourth quarter. Boston Partners now owns 727,860 shares of the restaurant operator’s stock worth $7,271,000 after purchasing an additional 422,453 shares during the period. Rothschild & Co. Asset Management US Inc. raised its holdings in shares of Del Taco Restaurants by 19.9% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 695,335 shares of the restaurant operator’s stock worth $6,946,000 after purchasing an additional 115,530 shares during the period. Finally, Thomson Horstmann & Bryant Inc. raised its holdings in shares of Del Taco Restaurants by 17.8% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 517,656 shares of the restaurant operator’s stock worth $5,171,000 after purchasing an additional 78,170 shares during the period. Hedge funds and other institutional investors own 80.14% of the company’s stock.
Several equities analysts have recently commented on TACO shares. BidaskClub upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. Maxim Group reiterated a “buy” rating and set a $14.00 price target on shares of Del Taco Restaurants in a report on Tuesday, May 7th. Finally, ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.14.
Shares of TACO traded down $0.28 during trading hours on Wednesday, hitting $12.21. 482,600 shares of the company were exchanged, compared to its average volume of 275,448. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $455.28 million, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.58 and a beta of 0.10. The business’s fifty day simple moving average is $11.37. Del Taco Restaurants Inc has a fifty-two week low of $9.45 and a fifty-two week high of $14.83.
Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $114.22 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Del Taco Restaurants Inc will post 0.5 EPS for the current fiscal year.
In other news, SVP David Pear sold 13,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $11.85, for a total transaction of $159,975.00. Following the completion of the transaction, the senior vice president now owns 118,210 shares in the company, valued at $1,400,788.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 16.40% of the company’s stock.
Del Taco Restaurants 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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