BlackRock Inc. Has $34.44 Million Position in Del Taco Restaurants Inc (TACO)

BlackRock Inc. trimmed its holdings in Del Taco Restaurants Inc (NASDAQ:TACO) by 21.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,428,378 shares of the restaurant operator’s stock after selling 647,743 shares during the period. BlackRock Inc. owned approximately 6.34% of Del Taco Restaurants worth $34,435,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Del Taco Restaurants in the second quarter worth approximately $111,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Del Taco Restaurants in the second quarter worth approximately $285,000. GSA Capital Partners LLP grew its position in Del Taco Restaurants by 113.4% in the second quarter. GSA Capital Partners LLP now owns 38,771 shares of the restaurant operator’s stock worth $550,000 after acquiring an additional 20,603 shares during the period. First Trust Advisors LP grew its position in Del Taco Restaurants by 17.3% in the second quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock worth $581,000 after acquiring an additional 6,042 shares during the period. Finally, Barclays PLC grew its position in Del Taco Restaurants by 108.8% in the first quarter. Barclays PLC now owns 57,224 shares of the restaurant operator’s stock worth $593,000 after acquiring an additional 29,819 shares during the period. Institutional investors own 77.61% of the company’s stock.

NASDAQ:TACO opened at $10.44 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.34 and a current ratio of 0.39. Del Taco Restaurants Inc has a 52 week low of $9.45 and a 52 week high of $14.83. The firm has a market cap of $387.98 million, a price-to-earnings ratio of 20.08, a PEG ratio of 1.15 and a beta of -0.08.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Del Taco Restaurants had a return on equity of 4.94% and a net margin of 9.81%. The company had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $119.84 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Del Taco Restaurants Inc will post 0.56 EPS for the current fiscal year.

TACO has been the subject of several analyst reports. BidaskClub lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Maxim Group lowered their price objective on Del Taco Restaurants from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, TheStreet upgraded Del Taco Restaurants from a “c+” rating to a “b-” rating in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.13.

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 January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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

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