Dimensional Fund Advisors LP increased its position in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,288,964 shares of the restaurant operator’s stock after purchasing an additional 345,199 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Del Taco Restaurants worth $35,113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TACO. Schwab Charles Investment Management Inc. raised its position in shares of Del Taco Restaurants by 40.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,600 shares of the restaurant operator’s stock valued at $682,000 after purchasing an additional 14,400 shares during the period. Rhumbline Advisers raised its position in shares of Del Taco Restaurants by 50.3% during the 2nd quarter. Rhumbline Advisers now owns 37,980 shares of the restaurant operator’s stock valued at $522,000 after purchasing an additional 12,714 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 35,464 shares during the period. AXA bought a new stake in shares of Del Taco Restaurants during the 2nd quarter valued at $293,000. Finally, Martingale Asset Management L P bought a new stake in shares of Del Taco Restaurants during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Several analysts have recently commented on TACO shares. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Saturday, September 16th. TheStreet downgraded shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a research report on Friday, October 20th. Wedbush restated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Tuesday, January 9th. Maxim Group restated a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Finally, BTIG Research restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Del Taco Restaurants has an average rating of “Buy” and an average price target of $16.67.

In related news, SVP David Pear sold 9,260 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $12.25, for a total transaction of $113,435.00. Following the completion of the transaction, the senior vice president now directly owns 115,412 shares of the company’s stock, valued at $1,413,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence F. Levy bought 200,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were bought at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the completion of the purchase, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The disclosure for this purchase can be found here. Company insiders own 14.60% of the company’s stock.

Del Taco Restaurants Inc (TACO) opened at $13.47 on Friday. The firm has a market cap of $518.28, a price-to-earnings ratio of 24.05, a P/E/G ratio of 1.41 and a beta of -0.29. Del Taco Restaurants Inc has a 52 week low of $11.58 and a 52 week high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29.

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

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Del Taco Restaurants 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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