Millrace Asset Group Inc. Decreases Stake in Del Taco Restaurants Inc (TACO)
Millrace Asset Group Inc. reduced its holdings in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 23.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,134 shares of the restaurant operator’s stock after selling 39,785 shares during the quarter. Millrace Asset Group Inc.’s holdings in Del Taco Restaurants were worth $1,540,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of TACO. Dimensional Fund Advisors LP grew its stake in shares of Del Taco Restaurants by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,964 shares of the restaurant operator’s stock worth $35,113,000 after acquiring an additional 345,199 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Del Taco Restaurants by 82.2% in the 3rd quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock valued at $11,667,000 after buying an additional 343,171 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Del Taco Restaurants by 8.9% in the 4th quarter. BlackRock Inc. now owns 2,532,000 shares of the restaurant operator’s stock valued at $30,687,000 after buying an additional 207,696 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Del Taco Restaurants in the 4th quarter valued at approximately $1,714,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Del Taco Restaurants by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock valued at $18,854,000 after buying an additional 137,941 shares during the last quarter. 78.55% of the stock is owned by institutional investors.
In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $12.25, for a total transaction of $113,435.00. Following the completion of the sale, the senior vice president now owns 115,412 shares of the company’s stock, valued at approximately $1,413,797. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.60% of the company’s stock.
Shares of Del Taco Restaurants Inc (NASDAQ TACO) opened at $12.72 on Monday. Del Taco Restaurants Inc has a twelve month low of $11.58 and a twelve month high of $15.99. The company has a market capitalization of $491.97, a P/E ratio of 23.13, a PEG ratio of 1.31 and a beta of -0.20. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42.
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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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