UBS Asset Management Americas Inc. boosted its stake in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 2,349.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,017 shares of the restaurant operator’s stock after purchasing an additional 569,769 shares during the period. UBS Asset Management Americas Inc. owned about 1.54% of Del Taco Restaurants worth $8,168,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TACO. Bank of America Corp DE increased its stake in shares of Del Taco Restaurants by 45.5% during the first quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 8,207 shares during the period. FMR LLC increased its stake in shares of Del Taco Restaurants by 21.6% during the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares during the period. Vanguard Group Inc. increased its stake in shares of Del Taco Restaurants by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock valued at $16,354,000 after buying an additional 81,525 shares during the period. Tygh Capital Management Inc. increased its stake in shares of Del Taco Restaurants by 8.8% during the second quarter. Tygh Capital Management Inc. now owns 425,780 shares of the restaurant operator’s stock valued at $5,854,000 after buying an additional 34,517 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Del Taco Restaurants by 0.8% during the first quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 200 shares during the period. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Del Taco Restaurants, Inc. (NASDAQ TACO) opened at 15.80 on Friday. The company’s 50 day moving average price is $14.43 and its 200 day moving average price is $13.44. Del Taco Restaurants, Inc. has a 52-week low of $11.58 and a 52-week high of $15.99. The company has a market capitalization of $611.24 million, a price-to-earnings ratio of 27.82 and a beta of -0.20.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.08 million. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. Del Taco Restaurants’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. On average, analysts predict that Del Taco Restaurants, Inc. will post $0.55 EPS for the current year.

WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/ubs-asset-management-americas-inc-has-8-17-million-holdings-in-del-taco-restaurants-inc-taco/1614677.html.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 target price on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. Finally, BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Del Taco Restaurants currently has an average rating of “Buy” and a consensus target price of $17.00.

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.

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