Swiss National Bank lifted its stake in Del Taco Restaurants Inc (NASDAQ:TACO) by 3.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 59,800 shares of the restaurant operator’s stock after purchasing an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Del Taco Restaurants were worth $767,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in shares of Del Taco Restaurants in the second quarter valued at approximately $45,000. Aperio Group LLC bought a new stake in shares of Del Taco Restaurants in the second quarter valued at approximately $61,000. SG Americas Securities LLC bought a new stake in shares of Del Taco Restaurants in the second quarter valued at approximately $1,429,000. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of Del Taco Restaurants by 9.6% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 768,102 shares of the restaurant operator’s stock valued at $9,847,000 after buying an additional 67,573 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Del Taco Restaurants by 1.1% in the second quarter. Bessemer Group Inc. now owns 111,900 shares of the restaurant operator’s stock valued at $1,435,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 89.54% of the company’s stock.

NASDAQ TACO traded up $0.10 on Friday, hitting $11.29. 9,641 shares of the company’s stock were exchanged, compared to its average volume of 387,647. The stock has a 50-day moving average of $11.38 and a 200-day moving average of $11.13. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.88. Del Taco Restaurants Inc has a 52 week low of $9.45 and a 52 week high of $13.50. The stock has a market cap of $411.70 million, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.62 and a beta of 0.28.

Del Taco Restaurants (NASDAQ:TACO) last released its earnings results on Monday, July 29th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 4.62% and a net margin of 2.94%. The firm had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $120.37 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts predict that Del Taco Restaurants Inc will post 0.5 earnings per share for the current year.

Several brokerages recently issued reports on TACO. Maxim Group reiterated a “buy” rating on shares of Del Taco Restaurants in a research note on Wednesday, July 31st. TheStreet upgraded Del Taco Restaurants from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Finally, ValuEngine upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Del Taco Restaurants has an average rating of “Buy” and a consensus target price of $14.17.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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

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