Dimensional Fund Advisors LP boosted its stake in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 35.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,603,064 shares of the restaurant operator’s stock after buying an additional 422,749 shares during the period. Dimensional Fund Advisors LP owned 4.14% of Del Taco Restaurants worth $21,257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TACO. FMR LLC increased its stake in shares of Del Taco Restaurants by 21.6% in the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Del Taco Restaurants by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 1,851,486 shares of the restaurant operator’s stock valued at $24,551,000 after buying an additional 55,672 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Del Taco Restaurants by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock valued at $16,354,000 after buying an additional 81,525 shares in the last quarter. ACK Asset Management LLC increased its stake in shares of Del Taco Restaurants by 7.0% in the first quarter. ACK Asset Management LLC now owns 1,119,900 shares of the restaurant operator’s stock valued at $12,285,000 after buying an additional 73,421 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Del Taco Restaurants by 8.5% in the first quarter. Boston Partners now owns 426,440 shares of the restaurant operator’s stock valued at $5,654,000 after buying an additional 33,510 shares in the last quarter. Hedge funds and other institutional investors own 66.76% of the company’s stock.

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) opened at 12.68 on Thursday. Del Taco Restaurants, Inc. has a 52-week low of $10.41 and a 52-week high of $15.32. The firm’s 50 day moving average is $13.18 and its 200-day moving average is $13.17. The company has a market capitalization of $490.54 million, a P/E ratio of 22.32 and a beta of -0.21.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.08 million. Del Taco Restaurants had a net margin of 4.81% and a return on equity of 5.90%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Equities research analysts anticipate that Del Taco Restaurants, Inc. will post $0.55 earnings per share for the current fiscal year.

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Several analysts recently weighed in on TACO shares. BidaskClub downgraded shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a research report on Friday, May 5th. Wedbush reiterated a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research report on Friday, May 5th. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Maxim Group reiterated a “buy” rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Del Taco Restaurants presently has an average rating of “Buy” and a consensus target price of $15.57.

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

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