Adams Asset Advisors LLC acquired a new stake in Del Taco Restaurants Inc (NASDAQ:TACO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 84,221 shares of the restaurant operator’s stock, valued at approximately $1,020,000.

Several other institutional investors have also made changes to their positions in TACO. Schwab Charles Investment Management Inc. boosted its stake in shares of Del Taco Restaurants by 40.9% in 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 in the last quarter. Rhumbline Advisers boosted its stake in shares of Del Taco Restaurants by 50.3% in 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Del Taco Restaurants by 31.1% in 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 in the last quarter. AXA purchased a new stake in shares of Del Taco Restaurants in the 2nd quarter valued at $293,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Del Taco Restaurants in the 2nd quarter valued at $200,000. 81.39% of the stock is owned by institutional investors.

Del Taco Restaurants Inc (NASDAQ TACO) traded up $0.03 during trading hours on Thursday, reaching $13.40. 284,527 shares of the company were exchanged, compared to its average volume of 506,678. Del Taco Restaurants Inc has a 52 week low of $11.58 and a 52 week 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 company has a market cap of $517.11, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.29 and a beta of -0.29.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.60% and a return on equity of 5.82%. The company had revenue of $110.99 million during the quarter, compared to analyst estimates of $110.46 million. During the same period in the prior year, the business posted $0.13 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. research analysts predict that Del Taco Restaurants Inc will post 0.54 EPS for the current fiscal year.

In other news, Director Lawrence F. Levy purchased 200,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was bought at an average cost of $12.54 per share, for a total transaction of $2,508,000.00. Following the acquisition, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Pear sold 9,260 shares of the company’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 sale, the senior vice president now owns 115,412 shares of the company’s stock, valued at $1,413,797. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.

A number of equities research analysts have recently issued reports on TACO shares. TheStreet raised shares of Del Taco Restaurants from a “c” rating to a “b-” rating in a research note on Wednesday, December 13th. Wedbush reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Del Taco Restaurants in a research note on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research note on Friday, October 20th. BTIG Research cut their price objective on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $16.67.

TRADEMARK VIOLATION WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/adams-asset-advisors-llc-invests-1-02-million-in-del-taco-restaurants-inc-taco/1803366.html.

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.

Want to see what other hedge funds are holding TACO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Del Taco Restaurants Inc (NASDAQ:TACO).

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

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with Analyst Ratings Network's FREE daily email newsletter.