Wellington Management Group LLP Invests $3.84 Million in Del Taco Restaurants, Inc. (TACO)
Wellington Management Group LLP bought a new stake in Del Taco Restaurants, Inc. (NASDAQ:TACO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 289,172 shares of the restaurant operator’s stock, valued at approximately $3,835,000. Wellington Management Group LLP owned approximately 0.75% of Del Taco Restaurants as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. FMR LLC increased its stake in shares of Del Taco Restaurants by 44.0% in the fourth quarter. FMR LLC now owns 3,468,735 shares of the restaurant operator’s stock worth $48,978,000 after buying an additional 1,060,035 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Del Taco Restaurants by 98.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,315 shares of the restaurant operator’s stock worth $16,667,000 after buying an additional 585,518 shares in the last quarter. RK Capital Management LLC purchased a new position in shares of Del Taco Restaurants during the first quarter worth $5,137,000. Renaissance Technologies LLC boosted its position in shares of Del Taco Restaurants by 181.9% in the fourth quarter. Renaissance Technologies LLC now owns 367,000 shares of the restaurant operator’s stock worth $5,182,000 after buying an additional 236,800 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Del Taco Restaurants during the fourth quarter worth $2,098,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.
Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) traded down 0.23% on Monday, hitting $12.74. The stock had a trading volume of 188,483 shares. Del Taco Restaurants, Inc. has a 12 month low of $10.05 and a 12 month high of $15.32. The company’s 50 day moving average price is $13.32 and its 200-day moving average price is $13.21. The company has a market cap of $492.86 million, a P/E ratio of 22.43 and a beta of -0.21.
Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The company had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $107.08 million. During the same period last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Del Taco Restaurants, Inc. will post $0.55 earnings per share for the current year.
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A number of brokerages have commented on TACO. Maxim Group reissued a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research note on Thursday, June 22nd. Zacks Investment Research raised Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, June 20th. Wedbush restated a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a research report on Friday, May 5th. Finally, BidaskClub lowered Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Del Taco Restaurants has an average rating of “Buy” and a consensus target price of $15.57.
In other news, Director Eileen A. Aptman bought 26,010 shares of the stock in a transaction on Tuesday, May 9th. The stock was purchased at an average cost of $12.97 per share, with a total value of $337,349.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.60% of the stock is currently owned by insiders.
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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