RK Capital Management LLC boosted its holdings in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 759,187 shares of the restaurant operator’s stock after acquiring an additional 68,800 shares during the period. Del Taco Restaurants comprises about 2.7% of RK Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. RK Capital Management LLC owned about 1.96% of Del Taco Restaurants worth $11,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TACO. UBS Asset Management Americas Inc. raised its holdings in shares of Del Taco Restaurants by 2,349.8% during the second quarter. UBS Asset Management Americas Inc. now owns 594,017 shares of the restaurant operator’s stock valued at $8,168,000 after buying an additional 569,769 shares during the last quarter. FMR LLC raised its holdings in shares of Del Taco Restaurants by 11.1% during the second quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock valued at $64,421,000 after buying an additional 467,077 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Del Taco Restaurants by 35.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,603,064 shares of the restaurant operator’s stock valued at $21,257,000 after buying an additional 422,749 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Del Taco Restaurants by 777.6% during the second quarter. Goldman Sachs Group Inc. now owns 252,148 shares of the restaurant operator’s stock valued at $3,467,000 after buying an additional 223,417 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Del Taco Restaurants by 47.5% during the second quarter. Marshall Wace North America L.P. now owns 470,702 shares of the restaurant operator’s stock valued at $6,590,000 after buying an additional 151,658 shares during the last quarter. 74.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lawrence F. Levy bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were purchased at an average price of $12.54 per share, with a total value of $2,508,000.00. Following the completion of the acquisition, the director now directly owns 18,356 shares in the company, valued at $230,184.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. BTIG Research cut their price target on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a report on Thursday, October 12th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.67.

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) traded down $0.11 during trading hours on Friday, reaching $12.28. The company had a trading volume of 267,800 shares, compared to its average volume of 385,985. Del Taco Restaurants, Inc. has a 1 year low of $11.58 and a 1 year high of $15.99. The company has a market capitalization of $474.96, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.37 and a beta of -0.27. 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 announced its earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.89% and a net margin of 4.78%. The firm had revenue of $110.99 million for the quarter, compared to analysts’ expectations of $110.46 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Del Taco Restaurants, Inc. will post 0.54 earnings per share for the current fiscal year.

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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.

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

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