Belfer Management LLC raised its stake in Del Taco Restaurants Inc (NASDAQ:TACO) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,876,512 shares of the restaurant operator’s stock after purchasing an additional 79,900 shares during the period. Del Taco Restaurants makes up about 100.0% of Belfer Management LLC’s holdings, making the stock its biggest holding. Belfer Management LLC owned about 0.07% of Del Taco Restaurants worth $34,863,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Del Taco Restaurants during the 3rd quarter valued at $131,000. Jane Street Group LLC acquired a new position in shares of Del Taco Restaurants during the 3rd quarter valued at $158,000. Voya Investment Management LLC acquired a new position in shares of Del Taco Restaurants during the 2nd quarter valued at $165,000. Teacher Retirement System of Texas acquired a new position in shares of Del Taco Restaurants during the 4th quarter valued at $146,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Del Taco Restaurants during the 3rd quarter valued at $209,000. Institutional investors own 79.87% of the company’s stock.
In other Del Taco Restaurants news, SVP David Pear sold 9,260 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the transaction, the senior vice president now owns 115,412 shares in the company, valued at approximately $1,413,797. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.60% of the company’s stock.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Wedbush restated a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group restated a “buy” rating and set a $20.00 target price on shares of Del Taco Restaurants in a report on Monday, January 8th. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.67.
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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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