TIAA CREF Investment Management LLC lifted its stake in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 48.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,712 shares of the restaurant operator’s stock after purchasing an additional 28,768 shares during the period. TIAA CREF Investment Management LLC owned about 0.23% of Del Taco Restaurants worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Del Taco Restaurants by 45.5% during the 1st quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 8,207 shares in the last quarter. Vanguard Group Inc. grew its stake in Del Taco Restaurants by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock valued at $16,354,000 after acquiring an additional 81,525 shares in the last quarter. Tygh Capital Management Inc. grew its stake in Del Taco Restaurants by 8.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 425,780 shares of the restaurant operator’s stock valued at $5,854,000 after acquiring an additional 34,517 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Del Taco Restaurants by 31.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,440 shares of the restaurant operator’s stock valued at $2,055,000 after acquiring an additional 35,464 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Del Taco Restaurants by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 200 shares in the last quarter. 70.18% of the stock is owned by institutional investors and hedge funds.

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) opened at $12.12 on Thursday. Del Taco Restaurants, Inc. has a one year low of $11.58 and a one year high of $15.99. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. The firm has a market cap of $482.69, a P/E ratio of 22.69, a PEG ratio of 1.39 and a beta of -0.27.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The business had revenue of $110.99 million during the quarter, compared to analysts’ expectations of $110.46 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts forecast that Del Taco Restaurants, Inc. will post 0.54 earnings per share for the current year.

Several brokerages recently issued reports on TACO. BidaskClub cut shares of Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, September 27th. BTIG Research reaffirmed a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research note on Monday, September 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.67.

In other news, Director Lawrence F. Levy purchased 200,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was acquired at an average price of $12.54 per share, with a total value of $2,508,000.00. Following the purchase, the director now directly owns 18,356 shares in the company, valued at approximately $230,184.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 14.60% of the company’s stock.

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About Del Taco Restaurants

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.

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

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